Plus all apartment complexes that rent to students offset the lack of tenants for 3 months during the summer by putting a premium on their rents.

I can usually save a decent amount, especially if I keep eyes out for deals and buy when these items are priced most competitively and not necessarily when I need them.Using the bathroom remodel apartment as an example, I will spend $1,500 more per unit than most of my competitors who renovate in the same market but that $1,500  (5% of my apartment renovation budget) gets me  oversized soaking tub in most units, nicer tiled bathrooms, counter tops that don't look like every other apartment in the neighborhood & a step up in appliance package and better quality fixtures.

Additionally, I personally like the Northeast market, much less competition since people interpret the tenant friendly aspect as more challenging, but with that comes less competition.

Yours is a very nice-looking house and property, just has competition in your market. 

I also lacked the accountability to do what needed to be done.How do you find your Jake?

That has been on my mind lately.If it is related to note investing, my question is, people complain about lack of inventory, but when inventory comes out, we rarely see people bidding on assets - so are people actually investing?

Very competitive market.

The same can be said for investment properties in other locations… We can even make the argument that profits and cash flow in ANY business are limited in the first few years of operation.Aside from a small or non-existent return on investment over the first 3 years, competition is another challenge in Astoria.As illustrated in our “Days on Market” graph, demand seems to be stronger than last year.

With new construction, comes more competition.

In Syracuse, the $800k+ price range is experiencing slightly less competition- I had a large complex just close at a 7-cap.