The new regulations will make my offers even more competitive.

Note that if this goes well, I would want to continue making deals there.I don't think this is necessary in this day and age - plenty of direct lenders that can offer you good service and DSCR Loans for a wide variety of situations with competitive rates - easy to find here as well. 

It's competitively priced and the section 8 rent - if you choose to go that route - is very strong.) 

Those homes are your benchmarks (competition)do what they did.  

I'm thinking that this would also be a good time for me to add another property to my STR portfolio because I think prices will be more competitive once the transaction volume increases.

My guess in many situations on probates is that you might have less competition.   

I then proceeded to dump a ton of money into capital improvements in order to make it a competitive STR (details below). 

That said, it's surprising to see a lack of diverse competition in this space.

Unfortunately, many of these homes are fairly cookie cutter and face extreme competition.

Do fees go up or down with less competition?