Hey Account Closed - Which market are you? 

Remember too you have to catch your sellers on the right day, right time, right point in your life.

These properties are currently being rented for a great amount with great cash flow.Most of the time, these properties are not in the worst condition, but they are not new either (I think about $10-20K in repairs needed) or even properties that have great tenants paying great rent in them.Now, if I analyze the MAO with the standard calculation (ARV * 0.7 - repairs - fee), it won't make sense for the seller, and he won't sell it (found out the hard way haha).What do you guys do in that situation?

The other market I'm interested in is Dayton, Ohio.

I am very familiar with the Fort Lauderdale market and surrounding areas. 

An experienced property manager should also be able to help you net more money and will handle the marketing, leasing and background checks.

Based on your experience, in general, what is the rational or the steps in getting into a new market.

You should schedule a call with all 4 and learn what they specialize in, the markets and how they operate.  

It is still possible to get homes without coming out of pocket a lot of money and the most popular method for this currently is the BRRRR method.Well, in theory this would work but this is almost impossible to do in this current market.  

Do they need some "sprucing up" ($2-3k) to get market rents or do they need more extensive renovation. ($10+k)- How is the building appear from the outside?