You have to stand out from the competition to do well since there are so many rentals there.

It's also extremely hard to win with an FHA loan to house hack in NJ because of the competition and the repair issues that won't pass FHA.

Study your market and your competition and try to do as well or even better.I hope this helps and wish you the best in this exciting adventure.

it seems like a confluence of factors have made it difficult to get started - there is lots of competition for deals, both on and off market; money is expensive; the trades are booked up forever; etc. 

It is one amenity that sets our place apart from the competition.

New York is the most complex and challenging state to own notesMany still do it there as there is no competition, but it’s absolutely not for the faint of heart.

It's about whether its best to do business with tons of competition, or little competition.

ARV : $250,000Monthly gross rental income: $4600Monthly mortgage payment: $1100Property description: completely vacant 4 family (three 3 bedroom, one 2 bedroom apartments) in a competitive rental market with housing shortage (large pool of candidates) 7000 sq ft property with massive units, roof was torn off and redone, newer hot water heaters, furnaces, electrical, plumbing.

Definitely seeing the wave of DIY hosts waning a bit now that competition is increasing. 

With the increased competition among sellers, it’s crucial to prepare a listing to stand out among the rest and work to address buyer objections prior to going on market.