Don't forget to look at the rental comps as well, closed and available to see what your 'competition' is up to.I always go for a mixture of tough/durable and nice fixtures in my BRRRRs.

You as a buyer, need to be willing to be competitive in a competitive market, and that is where a great agent will shine.  

Has a big start/stop button, you can write notes, and can be exported into Excel.

If you're planning to invest less than $400-500k USD, the properties you could find within that budget will not stand out in the market, and you'll face high competition in the STR (Short-Term Rental) market.

Always push for the bidding war, it will push the price higher than what anyone expects due to the competition overwhelm that buyers get and push the property to new heights.

@Sam Newell -- The CAP rate and COC returns through FIG's new 4-plex constructions are the selling points in what is otherwise a very competitive rental property market in Salt Lake and Utah counties.  

And when prices are high, values UP, revenues UP, an INVESTOR grit's the teeth saying Divi's feel good but oh-boy-oh-boy feeling ready to hammer that sell-Sell-SELL button. 

Cons: Market competition can be high in desirable areas.

If your competition is at 60% cost to income, then you should be close to that

If you have a property under contract at a great price, and a competitive bid scenario between multiple investors may be the right course of action, consult with a reputable real estate auction company.The auction company should be able to tell you pretty quick whether your deal is as good as you think it is.