Have you looked into the Turn Key Method?

The big knock is cost of living and home affordability but I never hear complaints about that from ppl coming from NY or California 😂

Seeing a lot of borrowers have success across the country, especially with the BRRRR method and the AirbnBRRRR methods! 

If you haven't connected with local people in your market there are several methods here.  

Some investors prefer to start saving for these ASAP, while others plan to deal with them when they happen.The unknown is Maintenance costs, which are often dictated by how "hard" a tenant lives in a property.

Any recommendation for the first steps I should take if I want to purchase my first rental property using the BRRRR method (or flipping).

Here is the Collin Hays method of buying the property at what you want to pay:Don’t ask the seller what their best offer is.

And while nothing is foolproof the most consistent method of finding good vendors is relying on OTHER real estate investors that have worked with those vendors. 

Eric,Without going into too much detail on each line item, at first I use my back of the napkin method with a 40-50% expense ratio.

Quote from @Kevin Hoover:  Input needed for least tax methods of unwinding a family partnership in the next 13 years.