Any tips for navigating the competition in such a hot market?

I live in a town of about 100k people here in Dothan, AL, so STRs aren’t the most popping market.

The recent undersupply has created serious affordability challenges.This data confirms what many of us already feel in the market: we need more housing.

With that said Phoenix had one of the highest home price declines in the last market down turn.  

in a stick frame market and one of the cheapest markets to build we build with margin at $190 or so a square foot. that will go up over time about 5% or 10% a year to keep up with new build price increases. we are buidling a 3 story walk up and source some of the lowest priced crews.

Is this the only market you are looking at to invest in or are you open to out of state investing as well?

It sounds like mistakes were made on the properties but I'm also questioning the market (you didn't say where these are). 

Market Demand: Buyers love move-in-ready homes, and flips are often the most attractive properties on the market.

Help, I have a friend who wants to play the stock market and I don't know how to talk him out of it!

Thank you,Phil Don’t have any experience with the mentioned mentors, but I do have 45 years experience in commercial real estate investing.Flipping (wholesaling) commercial properties require the same base of knowledge (real estate principles, real estate law and real estate finance) that is a foundational requirement for flipping residential properties; PLUS, extensive knowledge of the commercial property TYPE one is trying to engage with, and extensive knowledge of the local real estate market for the subject property type.