Will real estate investing be considered competition?

Their cost/sqft is quite competitive.

In my area, duplexes are rare  with a lot of competition for them, so buying a SFR and doing a garage conversion makes sense AS LONG as you are focused on cash flow and not trying to flip or leverage into the next property.

Have you see that British show on Netflix where people design and build "tiny homes" and trailers for a competition.

You want to try and avoid to list during a season with a lot of competition unless your property is unique in location or cash flow..  

Given that many of the hot markets are so competitive and the prices on turnkey-ish properties have already increased in these areas, such that it is hard to achieve the 1% recommendation.. 

Compared to other places, obviously housing is fairly cheap, but even here the market has gotten a little more competitive lately.

However, I am confused about whether I will continue to claim depreciation for 2020--I imagine that, since it will be used for the production of income, I will depreciate it, multiplying the full annual appreciation amount by the fraction of time that it was actually in service (e.g., if I place it in service for half the year, I would take half of the 'normal' depreciation).

I'll give you a run down of the market and answer your questions.Firstly, understand that you are entering one of the most if not THE MOST competitive flipping market in the entire country.

Now there is so much more competition and everyone wants HGTV easy that it is just makes me want to puke.