For example, my Airbnb performs better than competitors even though is smaller because I commissioned an artist to paint a mural in every single room and that made it unique. 

They see someone leaving as they arrive, and as I walk them out from the showing another "competitor" is pulling up. 

For me I only have them in my properties which are in nicer areas because there it seems most of my competitors have them and I encounter tenants who are looking for them.

Magistrate’s in any future evictions will exploit any lease imperfections to benefit the tenant and today’s competitors are very professional refits so they will exploit your lack of professionalism if you demonstrate it.

Sometimes for no other reason than they have to be....I had some competitors that knew absolutely nothing about building but were hugely successful.

@Brent Coombs Very tough to find good deals in major metro like Philly, demand and cash competitors drive prices up so a 10% cap rate is tough- as for interest, not much I can do about that except use as a deduction, this is an FHA loan so for 10K i can realize significant deprecation and expenses-  however I do agree that price for rent roll is high, seller has had building for 10 years so he isnt very motivated to sell as his price point is much much lower (220K).Thank you for your input!!

I actually spoke to a couple references, a couple of their investors, and a competitor.

By doing this can gain valuable information like if other offers are on table, and sometimes even what competitors are offering. 

I also know one of our competitors in the syndication space allows TIC investors which would allow you to preserve your 1031.

The onsite study has provider traveling to the location, going to the local competitors to gather more info and a more detailed build out plan.