Very competitive market.  

That would make it truly a competitive situation.

Reduced competition in putting in offers on multi-family in current market.

My feeling is that 2500 is way too much and just not competitive, so I wrote the landlord with some comps demonstrating that and asking if he'll keep it at 2250.

I've reached out to several local owners of multiple MTR rentals to see if they'd be willing to talk to me, have looked at Furniture Finder, and have researched competition.  

BRRRR would be tough in the bay area due to the competition from seasonal flippers and investment companies.

While the STR market is undeniably competitive, it's not saturated.

@Eric DeNardo Definitely possible, but the hardest part is the buy part, there are plenty of wholesalers around ton spending tens of thousands of dollars on marketing to get off market deals, and that's the competition to get those deals, not impossible, but definitely tougher for the average investor that doesn't have the time.   

We hired a (fractional) revenue manager that is touching our prices daily. 

Look at your competition (not just on AirDNA) and see what they're making.