Pretty much all of the buy side deals we do are competitive with multiple offers, so sometimes it is just about knowing the agent on the other side and having that pre existing relationship so your offer can get selected. 

It is cheaper to build then buy preexisting over priced or lower end assets.Just my two cents.

A pre-existing home is a great way to leverage yourself into more deals.

We’ve found that getting service people for our pre-existing furnaces to be relatively straightforward, but a bigger chore for our boiler.

In a recent debate, I quoted a source from the Casualty Actuarial Society that jokingly referred to beachfront property as a "pre-existing condition".

Both of them though I had a pre-existing relationship and had done some larger deals with too.

Only....now I'm almost 48...and...sure enough...I spent all that mutual fund money on offspring higher education...and...my term policy is up...and if you have certain pre-existing conditions...well that's another story about outliving your TERM and NOT being 100% passively wealthy (yeah, life is like chutes & ladders)!  

For some of us, it would be a lot harder to go buy other insurance, especially if Obamacare goes away and insurers become able again to reject for pre-existing conditions like my recent cancer.  

Seriously incredible potential out here and almost no pre-existing investors.

However, more often than not, when we acquire a small multi family say 4. 6. or 8 units, you already inherit a bunch of pre-existing installations, coax, CAT, old phone wires, some being used, some abandoned (but you don't know they are), and they all go into the dark attic.Unless one is willing to leave all that in place, and install brand new home run wiring to all those locations but leave them unused until there is a vacancy when you can properly enter the unit to do all the hook up properly, it is not an easy thing to plan.