Tons of competition.

Plus, with a professional letter we can give more information about ourselves, build credibility, and funnel the seller to our website which is just another way for us to stand out from our competition. 

(Light rehab 30$/Sqft, medium rehab 40$/Sqft, heavy rehab 50-60$/sqft)  

And then they will come after you heavy handed, with full force and charges of defrauding and abusing the vulnerable home owners.

Being that competition is big, it no longer makes sense the numbers that have to be offered in order to get the deal.I’m looking in to shifting to out of state and I’m open to be on site pretty often by hopping on to a flight.I’m debating between markets in TX and Ohio but in the same time willing to hear that I’m completely off between these 2 states or that their are better.I am looking for places where population is growing, prices are not too high, landlord friendly, rent are above $1200 for 2BR, big businesses and jobs and a very big focus by me is to be in a safe area.I would appreciate if I can get some honest opinions on this.

So your competition is getting larger as a landlord.Traffic and infrastructure are starting to have issues keeping up with all of the building.

Since we scaled up we are in a buyer group which just provides us heavy discounts that we extend to our clients. 

Most Hard Money lenders will be able to go up to 24 months depending on how heavy the rehab is. 

The competition, the feeling when you win, the grind to be the best.

It's a 70s vintage deal, 400+ units, with a lot of nearby competition, so certainly there is some risk elevation from the asset/market, but that's the least of the problem here, in my opinion.If the numbers on CoStar are correct, the property was purchased at the very top of the market for $47M, with a $39.4M bridge loan (that would likely mature this year).