Atlantic city Issues a story of bad luck??

[Paul Stewart]

So I must have the worst luck with searching for properties in Atlantic City. I have been looking for a SFU for 6 months have put multiple offers in and even had a short sale go side ways on me and I have been in at least 60 properties by now. I watch the market daily on what is being sold in what area and at what price and what kind of sale it was. I watch people buy homes 50k under asking price but I have made similar offers and seem to strike out 1 after another. I have dealt with some shady selling agents and my agent who was a bit unexpired (currently working with new agent). I have missed properties by my offer not getting submitted fast enough even with me having the higher offer. Overall it seems like a lot of bad luck...how much longer can this go on before I hit a home run right? My primary use for this property is as a buy and hold property that I will use for a few years as a vacation home and will Airbnb it out when i'm not using it. I obviously only want to buy a property in a "good" area in AC ( not many to choose from ) and a property that I have at least 20% equity in. It seems like I might have missed the boat or maybe not... There are still properties but I see so many REO properties completely over priced and have had offers turned away on properties that have been on the market for over 90 days and the listing price does not reflect a single comp in the area. I'm starting to lose my patience especially when I make a fair offer on a house that the offer is supported by half a dozen comps but yet the bank won't budge but then I'll see a better property that was listed for more that sold for half the price...Maybe this is some real bad luck here I do not know. I'm in AC every month and over the last 10 years have got to know AC as good as most locals, Its not like I do not understand the market in the AC area. Well this is really just a post for me to vent but anyone with a thought is welcome to post. Thanks for reading...