Less Competition - High-interest rates and market uncertainty may deter some flippers, reducing competition for distressed propertiesMarket Demand - In some areas, there remains strong demand for renovated, move-in-ready homes.Price Negotiation - Sellers of distressed properties may be more willing to negotiate in a high-interest rate environment.Cons:High Carrying Costs - High-interest rates increase the cost of borrowing, which raises your holding costs (interest payments, taxes, insurance, utilities).Market Volatility - Real estate markets can be unpredictable, and high-interest rates may lead to slower home sales and declining prices in some areas.Renovation Risks - Unexpected renovation costs and delays are common risks in any market, and high-interest rates exacerbate the financial impact of these issues.Financing Challenges - Securing financing for both the purchase and renovation can be more difficult and expensive in a high-interest rate environment.Mitigation Strategies:Thorough Market ResearchAccurate BudgetingEfficient Project ManagementFlexible FinancingExit StrategyFixing and flipping properties in today's market can still be profitable if approached with caution and thorough preparation.

If there is a down turn and vacancies increase you will still be able to get yours rented out as yours will look nicer than the competition.

It is a more competitive market than Findlay

I've priced the rental at $4100 per month, which I believe to be competitive for the area. 

Sale Price vs List Price shows a stable pricing market indicating no major swings in pricing competition.

A high number of available rentals in an area can indicate oversaturation, which might lead to increased competition among landlords and potentially lower rental prices.

By having friends on the ground already hosting there, you have access to their knowledge and you have a competitive advantage. 

And while there are many ways to calculate the profitability of the note I created,  the resultant investment yields significantly more than purchasing an investment in the competitive market environment.A summary of the deal is thus: My partners and I owned a 11,000 square foot retail/service center on a main thoroughfare in North West Houston.  

Sale Price vs List Price has a slight upward trend but nothing out of the ordinary indicating an upward trend in buyer competition.

With the number of Sales in the Greater Boston area this change is likely caused by a swing in competition from buyers raising the average over asking sale price.