Also, look for off-market deals, as they often offer less competition and better margins. 

People think it's inexpensive to install a Washer & Dryer, but getting the gas, electrical, water, and drain/vent there is usually quite expensive.Here in Chicago, we always want to be at the top of the market regardless of the competition, so we almost always install a W/D when we renovate our properties, even in some of the less desirable neighborhoods.

They have a separate URL for longer stays, so you might try looking on there at your competition. https://www.airbnb.com/stays/monthly    One caveat on renting to someone having a house built, it often takes longer than planned, and you have a short definite window to rent (3-4 months). 

Many people buy these preforeclosure lists and competition can be fierce. 

However, years of financial struggles and competition from major players like Walmart, Target, and Amazon contributed to its decline.Following the closure of the Hamptons location, Kmart will have just one downsized store in Miami, Florida.

Hey @Michael Dallas, it sounds like you've put a solid offer on the table—10% interest-only on $95k is competitive, especially with a clear 2-year exit plan.

My offer to purchase was successfully accepted in a competitive market, and I immediately found a tenant to rent out the space for a 12 month lease.

Until Fed begins to cut rates I’ve found alternative lenders in some cases to be competitive with banks on construction debt when considering the totality of factors (rate, leverage, depository relationships and pre- payment penalties).

This space is also getting competitive, but you could try listing for monthly stays only on Airbnb, VRBO, etc.

@Timothy Blackman- thanks  ...get some referrals for lenders from friends / co workers ...contact them all on the same day with the same criteria and ask them any questions you have and  ask for some scenarios ...compare the  feedback and service they provide ...pick one lender to get pre approved with ,,once you have a property - contact all lenders again for pricing options for the actual loan you will need ...hopefully the lender you chose for pre approval will be competitive in their pricing ..good luck