With lower mortgage interest rates comes increased competition so the sweet spot may be sometime towards the end of this year.That said, if you see a property you like, the best advise is to shoot your shot and submit an offer that makes sense to you and if they bite, you win and if they don't, you didn't lose.

Another winning recipe is identifying an underserved market or consumer and develop housing for that underserved need.

Does anyone have suggestions on best practices so that it is a win/win?

You can find some that break even, and that is winning in this market.

He who has evidence, wins.

When you buy a (real) "foreclosure" at, for instance, a trustee sale the only requirement for the sale to go through is you need to pay the winning bid price in full.

I think if you can complete a BRRR deal and end up with less than 20% in the deal then you have a win.

If you raise it $100 and he stays you win.

You can't win unless you play.

And there's no guarantee they will win (obviously circumstantially and depends on the scope of the job).