There is tons of new construction, which means competition (and the only way to be competitive is to lower your rents) and with high property taxes, makes it hard to cash flow.

In an era of low inventory, high inflation & mortgages rates, and strong competition, good investment opportunities become more scarce.

I've dabbled in the new construction space here in Chicago and there is A LOT that goes into it...I'd highly suggest spending some 1:1 time networking with some other investors like @Jennie Berger or @Prashanth Mahakali who are both Chicago developersYou make your money with the land purchase and then systems/processes/volume over time in the development game, but it's not easy and competition is high!

These policies always weed out competition, ultimately backfiring on the very people they are intended to protect.I’ll invest as always in CO, and while I won’t vote for people who push such policies, I’ll keep investing, knowing that more government prevents the market from working and introducing supply long-term, limiting my competition and driving up rents and demand from quality tenants ever faster.

The VA home loan can be a powerful tool for purchasing a multi-family property, offering benefits like no down payment and competitive interest rates.

I'm willing to bet if rates went down significantly than getting this property under contract would have had even more competition.

For example, plaster ceilings on older houses or higher ceilings on newer.3) Does your competition, i.e. other rentals in the area have them?

Especially now the competition is higher than I have seen it in my 15 years of investing is tax liens. 

My beef with the people who teach this are(1) they imply this is somehow related to real estate investing; it is not(2) they imply you can be successful with only the knowledge they teach; this is not true, you need managerial and business skills and knowledge to a degree way beyond the scope of the “training” they provide.(3) they imply you can successfully do this on a part time basis; it’s actually a full time business demanding all of your attention(4) they imply competition is limited; competition is actually fierce, except for the deals on which there is no profit.Additionally, this industry is state regulated, by the state in which the property is located.

So your not waiting for a judge to declare the sale good or any other process of law.. its done the minute you hand over the check.. you also do not need to put up a deposit to bid.. you have to put up the FULL AmOUNT of minimum bid as stated above in a cashiers check.. this really cuts down on competition of course.