So the survey was helpful in getting price down and the shortage didnt matter since it will have a different foot print and new sq footage for tax and survey purposes. 

They might also be able to get away with accepting a promissory note for the shortage, or maybe part of the shortage.

Is the seller willing to cough up the $32,480 shortage?

So you can see, first and foremost, there is inventory shortage in most markets.

You could have the same concerns with turnkey providers.The Charlotte metro area is growing at a great pace, and there is a shortage of good housing.  

I would say this to anyone starting out, but you in particular will find no shortage of people that are willing to advocate a type of investment out there that also have nothing to lose by being wrong.

Richard you will find no shortage of people here in Detroit that will take your money. 

@Eric Hemplershort answer - I don't think you're overlooking anything, and this is what I am seeing as well.I think it's a combination of all of the economic factors: a shortage of houses in desirable markets + pressure from home buyers + investors willing to settle for lower returns + low(er) interest rates - and probably othersseveral options as others have pointed out:-accept the lower returns-find something off market and/or with a value add component rather than a plain jane MLS listing-don't invest in RE

There is a massive raw material shortage due to covid and paint availability is being hit hard.

The Phoenix market has been tight for several years due to shortage of inventory, so I guess people find other solutions before they get around to calling road signs.