Laser Focused Daily Activity, that's the magic ingredient.

I don't know if there's anything for magic numbers, but getting 12% COC on turnkeys seems unlikely unless you're not counting what's allocated for vacancy, repairs and deferred maintenance. at some point you have to make a decision regarding where your time and effort is best spent between being a real estate investor, or if working in real estate. 

It works like magic sometimes. 

There is some behind the scene magic (decision matrix for conditional approval) that I won't share publicly, but the standards are still useful for defining your own!

Run the numbers and read all you can on the financial side and make sure the numbers work for you...Also, keep in mind:The rents can creep up over time Your property generally appreciates over timeYour debt decreases (as the tenant pays off the mortgage)And if you get a decent property and manage it well, you can keep costs in check.So you see the slow motion magic formula at work--rents going up, property value going up and debt going down....Maybe let's get in the DeLorean and time travel--set the dial for ten years ahead Doc!

There is a magic number that always sells.

Pardon me whilst I shake my magic 8 ball....   ;-)  No one knows when the next recession will be, or how bad, or what sector(s) will trigger it. 

Oh, and while I’m pontificating and waving my magic wand, transfer payments from federal tax to municipalities since that’s where most of the services that affect our daily lives are provided, reducing reliance on property tax which is uncorrelated with ability to pay and thus one of the most heinous taxes devised.

Property taxes don’t go down or magically disappear when the economy tanks .

There's no magic formula for finding houses, it just takes consistency.