I can easily see they are overwhelmed with the heavy demand. 

We drove through NC yesterday along highway 77, so many trees down, lineman everywhere, and a heavy feeling that something major had just happened nearby.

Sometimes they have off-market properties they’re ready to sell, and that’s a big win for you (less competition and more opportunity!)

The ONLY way for these syndicators to win every deal is by paying way over the competition.

I think these regulations improve accountability, generate revenue, ensure fair competition, protect neighborhoods, address housing shortages, and promote responsible property use.

Cast iron waste lines become so tuberculated that waste can't pass through, or the joints fail and allow heavy root or soil intrusion.

It’s an underrated market that still offers solid cash flow and equity growth, with lower competition.

While it's a great spot with a ton of tourism unfortunately, it seems the hotels view STR's as competition and have helped to encourage the strict regulations.

However, smaller properties tend to have asking prices influenced by factors like local demand or future appreciation potential, not just rental income.If you're finding that the numbers from the cap rate approach are consistently coming up lower than the asking price, it may be because the market value is being driven by different factors, especially in a competitive or appreciating area.I’d recommend using comparable sales as your primary tool while keeping the income approach in the back of your mind to avoid overpaying.

Cleveland is more of a cash-flow market while Columbus is going to be more appreciation heavy.