It is EXTREMELY competitive and the margins are very thin, so the more expense you can mitigate the better.

Then do rest of the property.3) Recommend adding 3D Tour and Floorplan-- Some of the competition already offer.4) Marketing Exposure-- Can see it on Zillow, Redfin, Appartments.com, Realtor.com, Homes.com, Trulia & Hotpads, which are all the big ones.5) When is the last time you dropped the price?

Strong business credit can sometimes offer more flexible financing options when starting a real estate business.Step 4: Leverage Your KnowledgeAs a business management major, you have a unique perspective and skill set that can add value in a competitive market.

I think that line was a subtle shot against a lot of the competition who were founded by software folks or small scale real estate investors. 

Utilize Off-Market DealsOff-market deals are valuable because there’s less competition and potentially better terms: Direct Mail Campaigns: Send targeted mail to owners of distressed, vacant, or inherited properties.

That allowed us to get the property at an even deeper discount in a really competitive area of NY. 

I have a property in Summerville, SC and looks like lots of competition for rentals.

It depends on how price sensitive your market is  Also, you said there is a lot of competition.

Investors who stay in tune with the local marketplace and apply the 70% formula as a guideline instead of a blanket rule will make their offers more competitive and their investments more lucrative.This post originally appeared on the BiggerPockets blog.

At the end of the day, there are a ton of local small banks that offer competitive HELOC products.