Let’s say the discounted purchase price is $200,000 but it could easily appraise for $280,000 with the $10,000 of repairs.

Check out this recent rental report from Zumper ranking cities in the US with the highest rents. https://www.zumper.com/blog/rental-price-data/ Welcome to BP - do you work exclusively with investors as a broker or is it just a good portion of your clientele?  

The sellers you will be talking to will typically be in a bad situation which is causing them to have to sell their house, and at a big discount.

I be sure to offer nice weekly and monthly price discounts. 

You also need a good source to acquire the properties at a discount. 

Supplement this far simpler entity approach by ensuring you have appropriate types and levels of insurance, you operate your business in a manner in which your conduct is not considered an exclusion in your policy, you work with licensed and insured vendors, you execute contracts with indemnification clauses with these same vendors/ require additional insured status &  maintain appropriate licensing and permits.

Hiring unlicensed and uninsured contractors is considered  an exclusion under most property insurance policies, meaning you could be giving up that benefit as well.

On the other hand, you can flip in any neighborhood as long as you are buying at a steep discount below ARV. 

But Scott's model does not target business investors exclusively, they (he and his students) sell ton of properties to owner occupants.

I now live in Indianapolis and work exclusively with OOS investors, particularly those investors looking to acquire cash flowing small multi-family and/or short term rentals.