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There are in fact anti monopoly law in place, but in order for you to be competitive, you have to have the infrastructure in place which translate into $$$$.  

Lots of opportunity but lots of competition - make sure you get educated first.  

These expenses are why most people don't last long as an agent...especially with how competitive it has become to be an agent. 

As if people have the right to be stupid, get ripped or rip off others outsmarting the other guy.Mo. is not what I'd call overly consumer friendly, there is a political view of big business requiring the advantages over competition and to seek business from the public to include the ignorant or disadvantaged, free enterprise and the only hooks being set by violations or laws or in ethical areas, through complaints.Municipalities have the ability to require service industry providers or professions to demonstrate education or knowledge.

I like to keep my hourly rate as high as possible and if you think about the fraction of Profits / Hours there are only two ways to improve things: make more money or spend less time.

Most people are willing to make an easy $50, just remember to be respectful of their situation.In our area there is a lot of competition at the auctions and it is not uncommon to see properties bid up to almost ARV and then adding repairs does not give you much margin to play with so any mistakes can cost you big time. 

With the rise in the market and all the competition, I can’t see how you can make money if you have a mortgaged property?

There is still a heavy amount of REO's, although are very competitive can yield some great results for flip or hold.