If you are short on Capital, but heavy on sweat equity you want to play to your strengths, so using the banks Capital while you force appreciate a property you live in is a good way to build equity.  

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. 

Do you live in NC or are you expecting your current tenants to do all the heavy lifting when showing the house, etc?

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.

I would like rates to be high since that leads to less competition for me to deal with and drives house prices down.....I say lets take them higher.

You have to remain competitive when starting out because your goal is to grow your business.