I bought it in as is condition for under market price.How did you finance this deal?

Include them even though they aren’t your competition. 

Many judges would feel you got paid even if no cash was sent to you.I could see this potentially working on a higher-end property that it in excellent condition with a Grade A tenant.  

Those conditions don't exist any more, and the government has the right to regulate land use to try to prevent the current conditions from repeating. 

Foreclosure auction buyers cannot walk the property and have no idea of its condition.

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

Sometimes 5 in the case of 9% LIHTC deals but all the way up to 15 as I’ve seen in 4% deals.  9% is competitive meaning there’s only a certain amount of projects awarded each year by your states HCR.  4% is not competitive and is usually more appropriate for large projects because 9% will get allocated to projects of smaller size so as to spread the benefit.  

Alabama is very business friendly and there isn’t nearly as much competition there as some markets.

You’re absolutely right—speed is such a critical factor in securing deals, especially in a competitive market.

Not sure you really make more money.BRRRR would be interesting if you can find it.Flipping is competitive and brings in cash but not long term wealth.They all are great options, it just depends.