Here what they pay really isn't competitive although some places I understand they pay a premium.

Worked with sellers broker to secure seller financing at competitive rates How did you add value to the deal?

Maybe I was too ambitious by expecting to get a solid property in a solid area for $100k below assessment with no competition... but man, I am going to have to up my game! 

Seek competitive rates and terms: Compare interest rates, loan-to-value (LTV) ratios, and loan terms among different lenders.

Many Airbnb hosts are switching to MTM to fill their bookings, so you have more competition. 

I would recommend checking out Airbnb, Zillow and Furnished Finder to see what else is out there in terms of competition to get an idea of pricing and level of furnishings. 

There's less people buying 2 flats, therefore there's not as much competition to buy.

We were originally going to Ann Arbor but the real estate market was so competitive there it started feeling like the Bay Area.

I'm sure more questions will develop as we move through this process.It's pretty competitive, so you'd be best off having some inside information and someone who has flipped a few in the area.

Your main competition is the dorms and the apartments on the north side but housing in general is still sparse for college students.