In my area there are a few small regional banks that have competitive DSCR products.

@Sean Hurwitz LOT of competition for flips!

.- Strategic Location: Close to major commuter routes (I-495, US-29) and public transit (Metro).High Demand: Inventory in Silver Spring remains tight, driving competitive offers for move-in-ready properties.Diverse Market: A mix of young professionals and families ensures a broad buyer pool.

I'd bet if there were a good field of competition the price would drop

Great advice, I found that the professional photos and doing the rehab slightly above the competition really seemed to help as I had almost 0 vacancy! 

I submitted an offer that must have been competitive because the seller responded via email with a counter on terms, then called my realtor and asked if I had seen it in person.

It is improving, meaning sellers and builders are facing a little more competition, but there is still a shortage of housing units in the region. 3) Rental prices are strong and single family homes and townhouses rent very quickly.

I have put lots of offers in on on-market deals but since it's competitive in my market the price I'm able to get for anything on market is just not ripe enough.

Milwaukee rents continue to go up, we are now the 3rd most competitive market in the US, ahead of NY and LA..

Or, I’d have to get an extension of the closing date, which kinda defeats the purpose/competitive edge of a cash offer.