But no, this would still leave competition in place and some folks just can't stand the competition.

While multi-family is a perfectly good place to start, I would tell you that it is often more competitive than single family homes… maybe just due to there being less of them in general, and being more desirable by investors.  

I’m noticing that rent rates are surprisingly high compared to the somewhat competitive and affordable housing pricing.Single-family homes, some new construction are going for mid 300’s and rent is usually $2500 or higher.

So, your competition aren't just nice new townhomes but any 2 bedroom rentals in nice condition with similar amenities.

NYC market is very competitive, so I feel like the seller doesn't need to compensate anymore right now to hold me.

That helps with competition, but don't expect discounts - prices are still up 8.3% YoY.

It will give you an idea of what your competition might be like, and for those being rented a lot, what amenities seem to be popular that would get the most rentals.

If you're bookings are reduced look at your competition and what amenities are they offering.

Market Research- Reviewing Competitors: We look at nearby listings to ensure our prices and offerings are competitive.- Keeping Up with Trends: We check local market trends to take advantage of busy times.6.

Were seeing a lot of BRRRR refinances in the sixes rate wise recently - rates have been a bit volatile last couple of weeks but some really solid BRRRR deals going on with DSCR considering the short seasoning periods and rates really competitive with conventional alternatives