And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

As Peter and Jonathan mentioned relying on similar comps and/or local agent knowledge is the key here.

Here's the key components to calculate your tax liabilityAdjusted cost basis - Is the purchase price, plus capital improvements, minus depreciation.

the key thing for a BRRRR is: can you increase the ARV significantly enough with the rehab?

The key is to standardize property quality and management systems, which would appeal to buyers seeking scale.If you’re thinking long-term, holding these properties for cash flow while leveraging local appreciation is also a strong play.

Educating yourself with BP is key and putting together a team is key. 

Putting in place policies and systems to handle that will be key otherwise you'll always be working or at least be on-call.  

The purpose of my phone call was in regards to their "Turn Key Section 8 Program" which promises 30-35% Cash on Cash returns.

But the real key is to find motivated sellers.

Hre are the key things to knowWhat you are bidding on - often oddball properties that are hard to identify and have little value are auctioned offThe true as is value of the property, The tax assessment can be way higher or way lower than the true as is valueThe local laws and how they affet your total costs and returns