There's a lot of competition for both SFHs and MFs in GR, but SFH owners NEED a place to live and I find I cannot and don't want to compete with them in a bidding war, as I simply can't make my numbers work.Buy a duplex and Owner Occupy the one side.  

TX is competitive so I'd imagine it can be tough there.

For competitive investment property, not being prepared to evaluate costs at initial showing, before making offer is really a waste of everyone’s time.

Increasing value of the property, Enhancing rental income, Giving it a competitive edge Over Other Properties in the neighborhood as well as Adding long term worth among other things are some of the advantages that these projects bring.

borrowing is expensive, good contractors have more work than they know what to do with, and there is tremendous competition for both on and off market properties.i have done mostly BRRRRs and one flip. 

New people come into the community all the time and it has gotten quite competitive out there for lending, but if you can build a rapport with fix and flippers and wholesalers and you are fair in what you charge as a return on their lending request, you will have a borrower for life.

Generally the biggest con or concern on rural (from dscr lender perspective) is the availability of the land to build competitive supply cheaply that can challenge the value of the subject property. 

This improvement suggests a growing buyer interest and possibly limited inventory, creating favorable conditions for quick turnovers.Toledo OH - RE Analysis (April 2024) - House Sales (1).pdfDemographics and Economic FactorsPopulation and Economic CharacteristicsPopulation Size: With a smaller population of 5,341, 43620 offers less competition in buying and selling, which is beneficial for flippers targeting niche market needs.Income Levels: The lower median household income ($27,442) suggests a demand for affordable, refurbished homes—ideal for flipping projects aimed at cost-sensitive buyers.Housing and Ownership TrendsRenter-Occupied Properties: A high percentage (68%) of renter-occupied properties indicates a transient population, potentially less targeted for flipping.

Compared to the previous year, price competition seems decent for the buyer, although if 2023 is any indicator of the year to come, the competition will be brutal with properties on average going over 3% asking (this seems small but across the state this average is on the higher end).

If you can handle the red tape and jump through the hoops, Minneapolis and St Paul have limited your competition and I see investors with a positive attitude growing in our market.