Check how many dental locations in 1,3,5 mile ring radius for competition and how are this locations online reviews and testimonials.2m+ for STNL is like 50,000 house in residential.

It varies quite a bit and competition is driving the prices up on a lot of properties. 

They are fractional ownership of a piece of real estate through a special trust (the Delaware Statutory Trust). 

it could be that your agent is trying to help you by encouraging you to not make a silly offer along with a competitive one. 

@Julie Verardi I own three in jersey city and two I use USAA , if you are ex military or your parents were in the military it’s a good insurance co and they seem to be very competitive.

You need to know about ARV and LTV and Ratios and competitive interest rates.

That you are converting the space and that you also plan on rent increases to stay competitively priced.After that, it's up to the tenant to decide if they wish to remain.

That being said I have mentored several people in my area and don’t look at them as competition.

If you are looking in older neighborhoods, it will probably under-estimate the amount of repairs needed and in newer neighborhoods it will probably over-estimate the amount of repairs.Thus, your offers will not be competitive on nicer homes, and your offers might be too high on older properties or ones in bad condition.Whether or not that is "dangerous" depends on what you do next.

Another bonus is that there's very little competition for these types of deals.You might ask how I know that...it's because I'm the speaker at that meeting.