In fact the demand is stronger than I've ever seen it, though prices are high.

Here is a summary of the book.https://www.nateliason.com/notes/long-distance-real-estate-investing-david-greeneIf the numbers doesn't make sense for you locally, that's the time you explore other route. 

Hope that makes sense. 

Again, it makes no sense. 

@Dhruvin Bhadani - At face value, these numbers make sense.

If you are using it to buy a turnkey property which needs to produce cash flow to be considered a viable deal how does buying turnkey(Little to no cash flow) combined with HML(High interest only debt) make alot of sense financially? 

Whether it still makes sense will depend on how much you can defer vs. the basis.

That makes sense it seems much less competitive so easier to negotiate.

If you are thinking of renting, then that wouldn't make sense.

These are the best options for finding sellers willing to transact in today's market at cap rates that make sense to the current interest rate environment, in order to capitalize on the upcoming favorable market conditions over the next few years such as spiking rent growth, falling vacancy, and compressing cap rates.Interest Rate ProjectionsLooking at the Federal Reserves Dot Plot, which is released every quarter and is the federal reserves outlook on where they believe the Fed Funds Rate, which does not control fixed-rate financing but does influence it, as well as directly affects floating rate financing, is predicted to be 3% - 3.25% by Year End 2027 (Source), currently sitting at 4.25% - 4.5% today.