Our plumbing supply store.

not in any market. there are DSCR loan coverage on plenty of deals. we build ground up I could send you a lenders underwriting of the triplex we build here that someone can get a full return of capital on within 8 months. that's in columbus. maybe not buying existing, just change your strategy. open your mined. go to some conferences. don't buy in bad locations. we are doing deals within 1 mile of the urban core of columbus all day long. land here is a buyer's market there's more than 6 months supply and it's 22 times cheaper than land in miami fl where I also do deals in. 

To me that means properties that there is a limited supply of. 

It boils down to being on the ride side of the supply/demand equation.

Source: WikipediaSustained and significant population growth: Prices and rents are a function of supply and demand.

It is all supply and demand.

I've heard of mentees who started cleaning up construction areas on a flip at the end of each work day or picking up supplies at Home Depot and delivering them to the job site.

The fact that it loses money is somewhat mitigated by my tax savings at year's end (I have RE professional status).You just have to keep in mind that although there's a lot of tourists to the area a lot of them are cheap bastards that gravitate towards the lowest fares out there, and there's so much supply especially in the last 2+ years that it's a serious race to the bottom as you're competing with people who bought at $150-200k 10-15 years ago, never fix up their place and don't care if they rent for $99/night.

Currently we are sitting with 3 months supply of inventory for all properties.

Not order a second appraisal - just ask if there is a dispute process and supply our own comps if you think they are strong enough.