@Jared CarpenterPhoenix is a strong market for home sales and the competition has been pretty strong for the last few years now as the markets have recovered greatly from 5-6 years ago.

Congrats on buying your first condo—that’s a big move, especially in a competitive market like NYC.

Competition remains strong but it doesn't mean your goal is impossible to reach.

I wouldn't consider it a heavy negative unless the street is super tight and parking is hard to come by or if the street is very steep/busy.The more desirable dense city neighborhoods it's almost kind of expected and off street parking would be considered a luxury rather than a necessity.If you get out into the suburbs I would say it's more of a big deal since more rentals have off street parking or a garage there.

Perhaps it could be a result of the post-COVID market adjustments.More STRs on the MarketInitially, I didn’t feel the competition because my Airbnb is a studio, but since I’ve started working with other Airbnb hosts, I’ve noticed there’s definitely more competition than I thought.

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You just have to make it more exciting than the competition.

This imbalance intensifies buyer competition, driving up home prices as demand outstrips supply.2.

If OP can lever-up while maintaining adequate reserves, he will be in better position than buying with heavy cash position.  

With growing tourism and lower competition, it’s a great way to maximize cash flow.- Creative Financing: Partnering with other investors, seller financing, or using HELOCs can help scale your portfolio faster while preserving your capital.- Land Development: Got an eye for raw land?