If yours isn't renting, it's possibly priced to high compared to the competition. 

NOW THE DOWN SIDE OF SHIPPUNG SOMETHING SO MASSIVE AND HEAVY IS GOING TO COST AROUND $6K TO $10K.

@Lucas Schlund there are logically, 3 options:1) Buy Cash: PROS: You can get better prices on houses because you can close faster with motivated sellers and buy houses that need repairs to qualify for a mortgage (less buyer competition)CONS: takes the longest to save the funds2) Use Rehab Loan:PROS: Same as #1CONS: more expensive loans:---FHA 203(k): not that expensive, but must live in the property for 12 months before renting---DSR Rehab loan: relatively expensive and may need experience to qualify3) Mortgage on Property with Cosmetic Repairs:PROS: easiest & cheapest to doCONS: lots of competition, so can be hard to find a "deal"PM us if you'd like to discuss these in more detail.

In market's like these, sometimes it's smart to stay cash heavy. 2.

Nasty- I like nasty properties, because there is less competition to buy and more money to be made. 

Definitely look at your market to see what the competition looks like.

Should I tell them I’m raising the rent due to lots of competition???

While mortgage rates are a non-issue for you, the challenges of rising insurance costs and market fluctuations might deter other buyers, potentially lowering competition and prices.

I recently had a guest cancel on the day of arrival due to heavy rain in their area (not mine)!!!

Technically, if you put 50-75% down almost anything would cash flow but then you would be cash in heavy.