Go where the population is growing 5-10% per year (even though it is a small denominator) over chasing year 1 cash flow in a stagnant/declining market.

Hey @Gabe Chase, Doooood.

You started with one listing and ended up with a listing and a handful of new buyer clients.Trying to market to buyers without listings is like trying to chase down bees one at a time in an attempt to get honey.

Michael, I regret that this is happening to you but I think you need to get past chasing rent for this month and realize that there's only one way this ends.

Yes, the more units you go up, generally the less players in the game so there is some advantage in purchase competition as you go up, but also more management scale and cap ex for someone who is new.3.

I'm copying my response from a previous post:1) Investors were chasing Class A rentals from 2012-2020, before their values exceeded their pre Great Recession highs and they wouldn't cashflow at purchase anymore.2) So, investors started chasing Class B rentals in 2020-2022 because of #1 above.

That in mind, I wouldn't chase these deals, especially if you are in "growth mode". 

Agree, STR are saturated but given the numbers, I expect unsuccessful players will leave the market.  

You'd have to do the research locally, market by market, to determine who the players are.

The challenge with wholesaling is you will always be chasing the next deal.