This price hike suggests a competitive market, with supply increasing relative to demand by a notable 21.4 percent, resulting in a 1.7 months' supply of homes for sale.This recent development in the Charlotte real estate scene is likely influenced by a combination of factors, including a dip in mortgage rates in December and a nationwide increase in housing supply.

I would look for markets where you have a competitive advantage.

See what your competition is actually charging and what their calendar looks like.Then see what your ROI looks like.

I have used all cash as a leverage to beat competition.

That did not work out well cause it was very competitive and the prices vs the properties just didn’t make sense to me.

There are advantages and disadvantages to both strategies when deciding whether to invest in-state or out-of-state.In-State Investing:Knowledge: You probably know more about the rules, legislation, and local market in your own state of Houston, Texas.Network: It's possible that you already know contractors, real estate agents, and other people in your community.The Ease of Management: Especially when dealing with daily problems, managing properties in your neighbourhood may be more convenient.Out-of-State Investing:diversity: If your local market is competitive, investing in a different state may offer greater prospects and diversity.Affordability: As you pointed out, certain states could have more reasonably priced real estate, which might enhance cash flow.Market Dynamics: There are markets with varying development potential and economic trends that you may access.Taking Out-of-State Investing Into Account:Investigate the target market in-depth, paying particular attention to employment growth, economic data, and local real estate market patterns.Establishing Networks: Establish a local network of contractors, property managers, and real estate experts.

What is the best asset you can get for your money in an area where you have a competitive advantage?

The Economic Development there is focused on building competitive regional talent, diversifying the regional economy, transforming Montgomery's image and building diverse community capacity.Back in 2020, BiggerPockets also did an analysis with similar results.

The competition for affordable cash-flowing investment homes is fierce, everyone wants the same thing and there just isn't enough of them that make sense.

VA loans typically require no down payment and have competitive interest rates.