The plus side- it gets so hard to build, it creates a huge moat, so a lot less competition.  

However, although fall is super busy in this area, we are barely booked, but our competition with smaller properties are booked solid.

You must either spend capital for your marketing budget and have systems in place to take the calls or you have to invest a lot of time into chasing down leads (like driving for $).In my mind, and in this competitive sellers market we find ourselves, it seems much easier and less expensive to get your RE license and market for sellers leads to get legal commissions.

Preferably, I like to buy because this takes out competition, greatercontrol over pricing, and hopefully they have some land to expand on.

And then there is always this basic metric, if you want to come up with a ballpark:  $10/ft for light renovation, $20/ft for medium renovation, and $30/ft for heavy renovation - not a totally precise way of figuring the repair amount, but a good back-of-the-napkin method.

Group investments like this take a “team” or collaboration mentality versus a competitive mindset.

We're very competitive on pricing and have been investing in RE for over 10 years. 

As mentioned previously, research the competition to figure out what amenities you can offer to stand out from the competition.

It established a connection that paved the way to close the deal that had less competitive terms than the other offers.

@Jonathan Klemm thanks for the tag@Eddie Maynard if you want the absolutely lowest rate, search online and hold on to your shorts, it's going to be a wild ride.If you don't want a trainwreck of a loan process, and still a great competitive rate, let me know.