$600 rent in an apartment is not the same thing as $600 rent in an SFR - we are talking about totally different segments there

Learn your local market, and the segment you are interested in.

It's widely known that institutional investors (renters) are having a major impact on this segment right now.

Currently focused on multi-family residential segment around Baltimore, MD.

We've bought 19% from FSBO and 13% from word of mouth, both of these segments are not list in the MLS, Loopnet, costar or any place else.

That is a very risky segment of the market at this stage of the cycle.

A lot of heavy lifting with these types of deals Ask most not all the long term investors they tend to shy away from these deals and segment of the market( most not all ).Then look at most of the hedge funds that came in and purchased turnkey.

I talk about some of the steps I took on my first few deals on the BP Podcast Show 25 - My segment comes on around the 48 minute mark.Hope that helps some.

@Jay HinrichsI see, so this will not affect HMLs like you that primarily deal in move-up higher price points.For the market segment in the entry level where this may be a problem.....smaller HMLs or private individuals lending from their IRA to flippers.....how do you see this shaking out? 

If you list too high you will lose a large segment of buyers that may have had interest.