The other frustrating piece to that pie is that folks assume because properties are going for cheap in an area that contractor rehab work is going to be 'discounted' as well, and it is NOT discounted, it's the same going rate, if not MORE in less expensive neighborhoods because it is MORE COMPETITIVE in those areas for licensed contractors.

We bought our townhouse (overpaid due to competition in the context of super low interest rates, and no rehab needed) in Sunnyvale in 2021.

If they are not good tenants, the lease does not get renewed.When we determine the general direction for the year we look at:- inflation (US)- hourly wage growth (US)- market rent growth (in my case Milwaukee)We also monitor the market and our competition, we get feedback with every turnover and see what fair market value is.

These strategies faced little competition and made us stronger in acquisitions, allowing us to commit to sellers and contracts with more certainty than ever before.

IRS liens, municipal liens, utility liens also transfer to the high bidder.I'd contact the owner and see if a pre-auction deal can be struck, which would eliminate the auction competition. 

You are about to enter a strategy, in a market, that is extremely competitive? 

In terms of the loan(s), I currently have a steady and competitive W2 job and very low DTI, however I’ll ensure to verify the rules and regulations for rental income when shopping lenders, so I don’t hit a roadblock when buying the next rental. 

In addition to Spirit Halloween, major retailers like Walmart, Target, Amazon, Home Depot, and Lowe’s are all competing for a share of the $12 billion Halloween market.With Home Depot’s viral 12-foot skeleton selling out and Big Lots purchasing overstock Halloween supplies, Party City faces fierce competition.

I don't have experience with purchasing outcomes in MFs, is it as competitive as with SFH (outbidding and similar)?

This is hugely problematic for the “speed” aspect of BRRRR investing—drastically slowing down the returns and velocity of capital for BRRRR investors using conventional loans.Portfolio lenders are another option, and they typically offer competitive rates and fees as well.