The market is so competitive

So, less competition to buy the place, but tougher terms from the bank.

I am trying to really get started here in the Dallas market, which, is very competitive.

For properties that are in better condition and newer in age you will be able to find competitive pricing for coverage. 

check Redfin's competitiveness score.

@Alex RodgersIn a competitive market, it might be difficult to find cash-flowing properties, but there are a number of tactics and methods you can take into account.

Was I too close to the mentor and presented competition?

The only benefit I see is that it provides at least some competitive counterbalance to ABNB. 

But they ARE your competition if trying to wholesale, unless it's a big flip.

There's < 2 months of seasoning for the purchase, cash into the deal is ~$975k w/o rehab (minimal planned so far - turnkey), purchased the property for 35-40% below assessed value, 825+ FICO, and would optimally like to pull out $975K-$1.15M of equity.Main scenarios we've thought of to accomplish this are: 1) structure sale of property from SMLLC to self and secure 30-year new purchase financing on deal (unsure if legal and tax implications if above initial cost basis)2) delayed financing (LTV restrictions a concern)3) cash out refi (seasoning concerns)4) DSCR (seasoning and rate competitiveness concerns)5) one of the above plus a HELOC, personal loan, etc.?