If you have a rental with window units and a competitor with central air, you are going to lose that tenant to the competition 100% of the time.

He also explained how he would approach the deal so it was some really great insight.Smaller towns can be a challenge but there is also much less competition.

Your projection is surely on target, growth fuels cost of living, and for investors that means rental stability (to an extent i would say, area dependent).but with that comes competition as an investor.

.@ Justin - Lol, you know I wish I am convinced to buy just because I see the competition on other side of the wall.

I've been following some of the forums and it is so encouraging to see all you folks being so thoughtful and helpful.I can't think of another business where the your competition is your biggest ally.I Love It!

The market around here is very competitive which is why I put my offer in where I did.I already spent hundreds of hours reading and trying to learn as much as I can on the forum.

Now imagine if you were in a competitive bidding war for a property you would face similar waiting period whereas someone with their self-managed Solo 401k could write a check on the spot!

Prices are higher and competitive but there are good deals to buy! 

If you can offer your house for prices comparable to the rents in local apartment communities, and have comparable amenities (pool excluded) I think you'd have a competitive advantage in that you are offering a house which gives more privacy.

Asking prices are bid up to a point where they are well above retail, and competition for properties with any equity is fierce.