If your in a market facing off against me as competition to lease a property..... good luck, your gonna need it. 

I knew some of the top court house guys and they did volume 50 to 80 deals a year  average profit on those given the Uber competition and having to pay HML rates was 20 or less..

I just had a vacancy come up in the middle of a fourplex escrow and the seller had the unit re-rented in under a week for $50/more per month. 6) Yes it's hot, but with individual metering the landlord doesn't foot the electric bill 7) Yes the market is competitive here, but mostly for 3/4 unit properties.

(Minimal competition, high demand, and 20 year operating history with repeat & longterm clients) Agreed!

Which do you think will be more competitive, buying from wholesalers or your own referrals?

Exploring FHA loans makes sense for a low down payment, but keep in mind the competitive market may require some flexibility.

These can sometimes offer good value and less competition from large investors.Key Questions to Ask Yourself:to @Joe Villeneuve point...what research are you looking at.Cash Flow vs.

San Diego is a competitive RE market with decades of near top of nation appreciation and rent growth.  

A landlord who isn't trying to get the top dollar amount for their unit to begin with has competitive advantages when things go awry.

Turned a single family house that was poorly marketed but in a great area of my city, listed mid-winter where there's less competition, into a duplex for all intensive purposes and used airbnb to rent out rooms.