You also need to account for what you want to make on the deal...After Repair Value * (1 - ROI) - your markup - repairsROI is what you want the investor to make (really, what they expect to make).  

Suggest you go to Bill Tan's LA and Asian REIA meeting and talk to deal makers in your area.

Has any landlord here ever received an inquiry about an open apartment on FB marketplace by an applicant whose profile included a rap video of himself self-produced and filmed while he was actually incarcerated in the local county jail?

Bought for very little,  can resell for a pretty sizable gain,  hard to turn extra money away, has been a good money maker with low vacancy. 

Luckily with the volume we buy we have access to direct decision makers which really helps with inventory of good deals around the country.

Without saying too much, I personally know the broker they used to find houses in the episode filmed near me.

I work in the film industry.

But when you hear him in a Grant Cardone interview he says he made x doing the STR Arbitrage but made 10x selling the course on how to do STR Arbitrage, love him or hate him thats more than you would ever make renting it on your own. 

Deals are found working directly with motivated decision makers.

It's one of the most remarkable film sequences in the history of cinema.That was my dad's teachable moment to me.