ThanksI bet that's a good short term rental market!

If its more of a long term strategy or tax strategy it can work.

My strategy is buy & hold for stable cash flow with some appreciation over time. 

Gann, JD (“Rick”) is Managing Partner of 1031 Capital Solutions, serving the Pacific Northwest from the firm’s office in Lake Oswego. 1031 Capital Solutions’ mission is to provide tax-efficient strategies to real estate investors.The contents of this article constitute neither an offer to sell nor a solicitation of an offer to buy any security which can only be made by prospectus.

With margin trading of 20-25% of initial investment, when stocks market collapses with dollar cost averaging as a strategy  , leverage of the initial investment in stocks, the AAR can be more.comparable to most syndication (compared to 20% down payment in real estate).I have been following BP forums for the last 4-5 months and have spent almost 4-500 hours.

If your a high income earner living below your means then this isn't a horrible strategy. 

With inventory tightening and competition increasing, what strategies have been most effective for sourcing truly undervalued properties?

For example, the signs of the 2008 housing crash were all over for everyone to see but many investors were blindsided by their "following the herd until the last minute before the party ends" kind of strategy and lost everything as a result.

I bet they were valid.

Quote from @Jake Baker: I recently purchased a property in Jacksonville, FL, and plan to execute a BRRRR strategy with a coliving model (renting by the room).