As you alluded to you will also be competing with unsophisticated buyers.

Renovation Considerations: Before starting a renovation project, look at similar homes in your neighborhood to get a better understanding of the repairs needed to compete in your specific market.

It's tough for out-of-towners to compete and find a good deal, but if you're here and can drive the streets in your neighborhoods, do that!

They will help you ensure you don’t accidentally leave money on the table by helping you study your competition and by raising or lowering your rates so you can compete better.

The problem is now your fourplex is competing against all this new construction with pools, gyms, and amazing amenities that you can't compete with.

The problem many face is being outbid by a few entrenched players who dominate local auctions or others willing to pay too much.

Short-term renters generally don't like to stay in Cancun because there's not much to do there and the beaches are mainly occupied by the resorts, against which it's hard to compete and there are much nicer areas in the Riviera Maya.Even though I've owned property in the Riviera Maya for many years and have landed in Cancun many times, I've never been to the city and I've never had the desire to go there.

There was already a lot of supply in the first place, but now your 2 bed apartment has to compete with these large buildings trying to fill vacancies literally offering 2 months free rent in some cases.

Don't quite understand what you mean.Wholesaling has nothing to do with where you grew up.Wholesaling (as well as any other business) is about lead generation.I didn't grow up in NYC, and if I were to wholesale there I would dominate that market with my ability to rank websites #1, dominate online presence, credibility, and competence strategies I can apply to my online image.I think this is why so many people are "afraid" of wholesaling.Break wholesaling down into its most basic elements.

Big enough that you aren't competing with newer investors/house hackers but small enough that you aren't competing with institutional money.