That said, you can still find some sweet deals in Miami by patiently identifying off-market properties that have been held with the same rents for years. 

Tell them if they want the key they will be there when you change the lock.

Learn to walk before learning to run comes to mind.If someone really does have this issue, the key is not to rush.

@Stephen Muchko I would think if you are patient you will be able to find a duplex with one side vacant specifically so it can be sold to people like you, OO buyers.

Workforce class C housing in NYC ranges from $50k -$200k+/door.Not sure what type of capital you have, patient or fund equity... however a lot of owners in NYC are basically buying the dirt and/or are buying as legacy assets and capitalize on the appreciation. 

Is cash for Keys legal in Ontario and can I ask the seller to do it before buying a property?

But the key is YOUR situation.

In the book, the key point that sunk in was a double combo return of forced appreciation and rent.

Additionally, since it looks to be turn key you arent leaving any room for forced appreciation. 

The key is to find those off market distressed/motivated sellers through marketing, advertising and your network.