I was willing to pay more than my competition.

Creative terms can make your offer stand out, especially in competitive markets.Build RapportPeople are more likely to work with those they like and trust.

@Khyree RandallI completely understand how frustrating it can be when the market feels overly competitive.

However, it’s important to price competitively and be prepared for buyers to request concessions.

You should invest where you feel you have a competitive advantage.

I've seen banks be very competitive with blanket loans that cover multiple properties and/or multi-family properties, e.g. 5+ units.Mortgage Brokers (obviously I'm biased) - Brokers have the ability to work with all of the above and can get you to the best lender for your scenario right away instead of having you waste your time with the wrong type of lender.

I agree with Collin.The Smokies do have a lot of competition, so you need to have a view, decent location, good to great amenities etc to stand out.We have a 6-bedroom cabin there, but I imagine a 3 to 4 bedroom would be in the sweet spot of not too big or not too small.

I know of a lender around 7.3%, but curious what everyone else is seeing.Keep in mind, we're talking DSCR, not conventional.Local commercial banks are usually most competitive for this space.

Does anyone have any advice for people starting out in this competitive field?

I have deals needing funding and want to ensure I'm structuring them in a way that's competitive and appealing to private lenders.