Credit is also going to hinder your ability to get a heloc, and lack of income for now. 

Some of my competition don't even bother with Airbnb. 

I do have floating rate agency debt, however, and rising rates coupled with lack of rent growth has been a drag on cash flow. 

Whereas I (and others) continually urge them to stop being lazy and do their own research....go on VRBO and ABNB and look at the competition. 1) What are they charging?

As Andrew mentioned, you will have to be very price competitive to get January and February bookings.

If you’re referring to the “newbies” with $10k to their name that watch a video by Pace and get excited and pay for joining, go out with their last $5k and do a sub to with a “desperate” homeowner without revealing all the possible consequences (because they are unaware of the consequences through lack of experience and lack of knowledge and or choose not to inform the seller) then I agree, it’s probably going to turn out badly for all concerned.If on the other hand you’re referring to a seasoned investor with excellent credit, significant cash reserves, who wants to add a property to their portfolio without going through loan qualifying, and can pay enough to give the seller “walking away” money because of the low existing interest rates and or, and is dealing with a informed seller, then I find nothing wrong or negative about the transaction.  

Our tools are a reflection of our ability to rationalize...This, in turn, is where the competitive advantage is.Think about it.

The tough part about New Jersey is that it is very competitive and very tight on inventory right now.

Raleigh/Cary is what I know well, but the competition is steep.

i think less competition is primarily going to mean less margin per deal.