This price growth is largely driven by continued low inventory levels, which have kept competition high among buyers, even as average days on market have increased to 36 days​(Nest Realty)​(Garretts Realty).In Southern Indiana, activity is up with new listings growing by 8.2%, though sales have seen slight declines.

Timing wise as well, though the good STR properties haven’t seen much if any decline in prices have seen a decrease in competition to buy.

They have competitive STR policies and are much more affordable than proper insurance 

This is because Mortgage backed securities are in direct competition with investors looking for "safer" investments backed by the full faith of the United States Government. 

Then if you are only looking for cosmetic flips then you limit your targets and increase competition because every wannabe HGTV, realtor, interior designer, contractor, handyman is looking for the same easy flip.Its doable but lots of strategy and organization, hustle. 

Stay persistent, learn, and think creatively to succeed in this competitive field.Good luck!

I offer very competitive terms.

If you price the deal based on the current rent roll, you will not be remotely competitive in your offer, since many other investors will price it on $1,600/mo, with a small discount to account for the remaining term of the existing leases.On expenses, as noted, what seller pays is likely very different than what you will pay.  

It provides in-depth insights, including valuation analysis, debt scheduling, profitability metrics, IRR, CoC, equity multiple, competitive analysis and it'll even build out your LOI automatically.

This reduces the lender's risk and makes it easier to offer competitive rates.