While it was a scary jump at first, we quickly realized this space is actually less competitive.

I was willing to pay more than my competition.

If not, you could focus on other selling points, like the acreage or future ADU potential, but a garage would probably make the property more competitive.

Of course, the smaller the property, the more necessary that you see every inch of it because there isn't a business running on top of the land like large-scale multifamily, self-storage, industrial, and more.

Within the Industry.

There are opportunities out there but some strategies are risky. 1 - Airbnb (STR) comes to mind - very competitive, very saturated and becoming highly regulated.2 - Most STRs are transitioning to MTR so that market will be saturated soon if it isn't already.3 - Insurance crisis in florida is getting bad so those costs will eat up cashflow and short term appreciation.

•Off-market deals: Creative strategies for connecting with potential sellers and standing out in a competitive market.

Mine is a 2022 build  Hey Ryan, Your property checks alot of boxes for me for a MTR focused on attracting families as a whole home rental.Single story, Good school district, Little to no competition on Airbnb, No HOA.I bought a property once in 2015 and it barely cash flowed as a LTR but now 10 years later, I cash flow as a LTR about $600 per month. 

Sadly, this price-gouging behavior has become the unfortunate new norm in the insurance industry.

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