Others are money raisers who like to boast about the number of units they "own".

@Joseph Bass, your numbers are ultra conservative.

A bit more about myself, I like to run, especially ultras, but its been a few years since I have run one.

Retirees who simply want ultra safe investments with predictable returns so they can collect a check each month.5.

After that, closing costs start to become more trivial, and you're leveraging at a ratio of about 20:1 w/ FHA after factoring in the "not fixed" closing costs that scale up a tad with purchase price.Like I mentioned above, this is rough draft, not ultra accurate, but it gives a sense of "if I save another $5k, what does that get me?"

This is your third post where you boast about your investor's (insignificant) return on a completed deal diary thread. 

Some of the folks hating wholesaling have boasted doing the very same thing.

If this is true, will I run into any issues trying to compete in these ultra-competitive markets? 

The newbie should have become educated by reading spend some money on their education, hanging with investors that are doing it but I would find a way to vet the people who come to town and boast a lot.... typically run from them.

It boasts 3 2-bedroom units and 1 1-bedroom unit, 2 brand new oversized water heaters, 2 water softeners, a boiler and ample storage space for tenant belongings.