Building a compset and diving into the details about the competition, cleaning fees, length of stay, and really, seeing who is out ther doing STR versus MTR etc. 

Watch out for any water filtrations from the upstairs pool I have seen that happen in a couple of projects, make sure it's a good builder.I like boutique projects with fewer neighbors, more exclusive, less resale competition, and less rental & rate competition as well.

Depending on terms and overall cost, 7.8% may not be super competitive. 

James Dainard is a prolific professional house flipper, with a track record flipping nearly 4,000 homes in one of the most competitive real estate markets in the US - Seattle, WA.

We leveraged our expertise in negotiation to secure it at a competitive price of $140,000.

How about when your competition is using bathroom sinks that are the ones that bowls ON the counter instead of in the counter?

Quote from @Dylan Jeluso: This questions is the same question as getting your real estate license when doing flips, you have access to the MLS, you save money on the commission, and you have a little bit of a competitive advantage over the next person that is not licensed.

What's your pitch to sellers in a competitive market when you are up against experienced wholesalers?

If you have a competitive advantage in IN, I would go for it.

You can also just enjoy the fantasy of investing and never take the risks.