There is also call for smaller places for insurance rentals - just more competition from some of the corporate housing companies.

If property is not redeemed I get a deed in the mail.REally like this play for assets that are inexpensive.. and your paying cash.. risk is minimal to nill and as long as your play is simply rent and keep very long term.. its a genius move.. most folks are so worried that you have little to no competition..  !!!! 

My original plan was to purchase a multi-family but it will be very challenging for me to find one in my price-point with all the competition in my area.

Our PM vacancies are at 5% or below at any given moment and that is due to renting the properties a little bit below competition and the “fair market” rent.

This seems like a lower competition market to start in, anyone have success they cna speka on?

If they're using a PM they are NOT competition.

Median property prices are about a third below the national median, rents are high - the Milwaukee rental market is the most competitive in the US, second only to Miami, FL (according to Q1 2024 report from rentcafe).

But you'd have to really dig into your market data to decide if its truly a competitive advantage. 

Its since sold and whomever is rehabbing it is making it look really nice, but I seriously wonder WTF was going on in that one "dark red" bedroom, like there was a cigarette smoking competition going on for the last 10 years. 

The reasons are 1- less competition in commercial2- greater property types lead to more opportunities for “value added”3- commercial net income projections include expense for property management, 1-4 unit residential usually do not4- greater “universe” of properties to buy allow higher minimum return standards Of course residential is MUCH easier to successfully deal in, and with reasonable leverage has small downside risk, so I 100% agree that most investors should stick with residential.