The way it's marketed, you're supposed to make money in four ways: cash flow, capital gains, amortization and tax benefits.

Additionally, joining local real estate investor groups or forums can be valuable, as members often share updates on regulatory changes and best practices.To automate and make the process more efficient, consider using tools like AirDNA or Mashvisor, which provide data on short-term rental regulations and market trends across different locations. 

You should charge the market rent in the area you are in based on what you are offering.

Are they getting them in front of off market or pre market opportunities?  

I'm have trouble getting a quote for fire insurance, due to State Farm pulling out of the market.

@Zachary Harr Personally I’ve researched other markets and have decided to just stay locally due to the headache factor of managing teams long distance.

I'm curious to hear from the experienced folks - finding the right property at below-market value for BRRRR seems very exhaustive, wouldn't they be more motivated to sell a property at market value for less work and more profit?

The unit is not decontrolled when the family member or resident manager vacates,and the rent may not be raised to the market level

I can tell you that I have not had luck with appraisals in the CLV area, not sure if that is the market you are attacking. 

It's a solid list worth marketing to, nonetheless.