Competing for rehabs

[Jose Garcia]

I have been consistently beaten on my bids by this local investor with deep pockets who is part of a real estate agency which I'm not going to name. In either case, I've gone to his homes and they do a terrible job at rehabbing them but there selling. One I visited today did not even have a hood over the stove just a big hole. I can see why he is willing to pay so much more for the properties. He is not doing much more than painting.
I don't want to veer off of the 70% rule especially since I'm fairly new to real estate investing.
Any advice