More competition > more offers > more bidding wars driving higher prices. 

Negotiations focused on highlighting the quick closing capabilities of Partner Driven, securing a competitive price of $605,000 and ensuring the deal’s success despite the highly competitive market.

Ultimately, STRs are like running a business and to be successful you want to distance yourself from the competition.  

Don't just look at their prices, also look at their services and compare them to the competition. 

Even if the numbers look good, you will get tons of competition that eventually will drive the price off your excel sheets.

We did look at brokenbow, beautiful area but it looks like there is a lot of competition there now.  

That said, you should adapt your strategy based on the market conditions.In lower-cost markets or areas with less competition, you might still be able to hit 1%.

This area is an amazing place to live, and for that reason highly competitive in terms of real estate investing.

South Florida is a competitive market, and you'll need to do your due diligence on zoning, parking requirements, and other restrictions.I also made a quick video breaking this down in case you’re interested in hearing more details.

@Jay Hinrichs wouldn't eliminating Brokers decrease competition, and access to competitive offerings?