If the rule stands it will just add work to the process and will likely cull many competitors.

I have never gotten a sense that they see wholesalers as competitors because they typically don't want the properties that the wholesalers deal with. 

Goldman-Sachs.Wasn't a bad week in 2009, put your biggest competitor out of biz, keep your own company alive and tell everyone that AIG needs to be kept alive (since they insured a lot of G-S debt).

My Agent recommended a good electrician for a rehab who did great work around 1/2 the price of his competitors bid. 

We tale a LOT of our competitors marketing efforts away for free, while they spend a fortune on marketing.

There's a thing in games/sports called "Fancy Play Syndrome" where competitors feel the need to take a complex route to their objective, when a simple route would work just as well if not better.

I'd suggest you call those who will be your competitors to get a gauge on it.Are there any zoning requirements when installing a small office on the lot?

There has a bunch of new members in New Jersey so, depending on what you choose, your competitors might be your friend.  

This confirms my thought that spending a little extra, especially when you get a great deal, is a good idea that sets my properties apart from my competitors in the area.

I've also bid and lost on several deals (cash buyers are tough competitors).I'm obviously patient and will not get into a purchase unless it's a screaming deal, but am also frustrated that perhaps my expectations are a little too high.Friends who own several properties say patience will pay off sooner or later, as they regret all the deals where they compromised on price and paid too much for a property.