Our rates are very competitive at this time.

As more and more states see flipping “wholesaling” residential real estate where a homeowner is involved as needing consumer protection the fantasy of no capital no experience easy entry in this field will be eliminated (good riddance!).  

However, more often than not the terms are not competitive or reasonable for the borrower.

As others have stated there is competition and insurance issues.

The rate and terms were highly competitive and the rate was about 1% lower than I had heard, it was at 7.625% about 1.5 months ago.

. - Also, spend some time before/after to drive by comparable properties in the neighborhood to understand your competition and the rents they are asking. 

In the ten-year period beginning with Q2 2014, the South Bay submarket has experienced the greatest introduction of new inventory, 8.3 million square feet, amounting to 27.8% of all new competitive stock added to the market.Asking and Effective RentDuring May, asking rents built upon April's 0.2% decrease, declining by an additional 0.2% to $12.82.

I am highly competitive and I have been looking at RowPro which allows your to race others online...I figured that ought to get my *** rowing hard.

You'll also want to make sure that your rental will be competitive for the area you're in regarding the rental price and quality of materials in the property.

It is still super competitive.