I'm fully aware of the intense competition, but after visiting several areas, I still believe the Midwest is worth the risk.

That doesn't turn around overnight, it takes years to rebuild.Given the less competition and the lower appetite for risk the remaining carriers have, I think we're going to continue to see some big premium increases for the next few years, especially for those people with claims on their records.

Our partner, Jamari Spruell, identified the property as an off-market opportunity, allowing us to avoid competition and secure a favorable price.

With that kind of fico score, you would be able to secure a rate that is competitive if not beating conventional investment property mortgage rates.

i am using 85% because of how competitive things are here in san jose ca. i tried to use 70% on several deals, but other flippers pay way more.example, i bid on a home that was what i thought an ARV of 2M... i offered 1.4M, someone bought it for 1.65M. 

The market is competitive in most markets, so the best properties win. 

You may want to shop your competition, and check the market.

Here are a few questions to get the conversation started:For Buyers:What strategies are you using to find good deals despite increasing interest rates and competitive bidding?

You might start by networking on BiggerPockets and LinkedIn to find top-rated agents who specialize in multi-family properties.FinancingSecuring financing before identifying a property can give you a competitive edge, especially in fast-moving markets.

Then we stumbled upon "fractional ownership".