Occasionally, you may find a deal where the value-add investor doesn't fully understand the market rents, and left some on the table to capitalize on, but generally that is not the case.You referenced the BRRRR method, but going with a turnkey property, you are taking out the "Rehab" from BRRRR and without that step, it typically doesn't work.

I just had a title company insure around a 5 year old quit claim from a now deceased family member to another family member...very rare, but it does happen occasionally.

I mainly focus on new construction now but still pickup rehabs occasionally.

Occasionally it had ok surf but that typically meant a storm somewhere. 

Occasionally they may even be angry. 

Occasionally, an owner will have a friendly preexisting relationship with another local owner, and decide to give them a call to see if they would like to buy.I hope I answered the right question.

Of course, you hear the occasional tale of a noob getting lucky, but for every one of those, there are probably hundreds that blew their budget on direct mail or internet marketing, only to close up shop shortly thereafter.If you do decide to stick with the wholesaling plan, I recommend direct mail.

You could also buy most duplexes with financing, and the occasional 3-4 unit property. 

Hello All, first time poster and longtime occasional browser of BP.

I pretty much avoid people like that as much as possible, and get annoyed when I'm stuck coddling and catering to them, which for the most part only happens with family members I am stuck spending time with, or the occasional client I wished I had not taken work from.