I almost exclusively sell bank foreclosures for a large asset management company, and I also do a lot of marketing for wholesale deals.

For a buyer this should reduce their cash out of pocket to close which could help with barrier to entry. 

Some may tell you that you can systematize anything, but the problem is, every individual home is different (even the newer cookie cutter neighborhoods).Focus on two or three neighborhoods and know what a good deal looks like in those pockets.I would also temper your expectations as far as finding a lot of equity on MLS.  

@Robert RixerHere’s my back of napkin approach to easily sort thru MF deals. 

Finding Deals – What’s the best way to find turnkey or low-maintenance properties in this price range?

It’s to your benefit to learn how to buy Properties using Subject To, at a discount, safely.Subject To Has 5 phases (ok, there are more, but I’m covering these 5 for now) JI did a spreadsheet on how to figure a good deal on Subject To.

We are close by in Orlando!

assuming you use all cash - and setting aside closing and holding costs for now - you're in for 150K. 

A purchase of $209k, $15k rehab, and ARV of $240k doesn't get you any thing back after you factor in all of the closing costs to purchase and to refinance.

There is always another deal.