After paying a competitive rate for the property management and ASSET management that the small operator does himself.  

You're certainly correct, this market it pretty awesome, which brings in a lot of competition. 

Since our book, MTRs exploded and got very competitive in some markets.

Check to see how many contacts a listing has received in X amount of days to see if it is competitively priced.

Since few lenders have the stomach to do this, it’s also been a great competitive advantage for our business.This horrifies almost every private lender I know.

Congratulationswhat you’ve found that both the INVESTMENT side of real estate, and theBUSINESS side are very competitive; therefore profit margins are compressed, so those “home runs” people like to bragg about are actually quite rare.  

Respond within minutes to each one, as tenants often go with the first responsive option.Ensure you have high-quality photos that make your property stand out against the competition.

Miami seems very interesting, but maybe too competitive... what do you think?

Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offers Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

IMO it is necessary in competitive markets.