I would buy something closer to turn key if you can, even if you pay up, because it will reduce the work you have to do and figure out as a new large-scale investor.

We have 2 San Antonio sub2 deals that are turn key homes and only require about $20-25k to close (assignment fee + closing costs).They're a great option!

It’s the risk ADJUSTED return that’s key.  

Again, the key here looking for properties that need work so you have a better crack at cash flow. 

Building confidence, a plan, and understanding your risk tolerance are all keys to success. 

Being thoroughly familiar with the local market is key.

Are there key adjustments I should consider when applying these strategies in today’s market?

This is the BEST $100 you will ever spend, and if you listen to Amanda Han's tax book, you'll know it's also likely a business expense for you to write off :) https://biggerpockets.supercast.com/My perfect way to learn from the BP books is to listen to the audio book through the subscription above, then books that really stand out to me I go old school and get the physical copy so that I can re-read it, take notes in the margins, and put post it notes so key points are easier for me to re-reference in the future.

And of course, getting financing squared away is key so you know your price range, which will help narrow down locations and strategies.

That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.