Heavy rehabs or distressed properties won't satisfy the requirements for livable conditions in some cases.

You can always expect competition in the rental business, but more so when you are competing against bigger apartment buildings.

Purchase price: $54,000 Cash invested: $60,000 Single family rental purchased at 20% cap rate in a competitive rental area.

Does anyone have a contact for a bank/broker that does cash out refi and operates at competitive rates?

@Ben Theriault students rentals can be a very profitable niche, however I have noticed a massive surge in competition in my market of Columbia, South Carolina from national student housing developers and local mom and pop types.

I met some amazing people who had some incredible stories and shared really valuable insight and experiences (...I'm part of a mastermind from some of the connections I made), variety of speakers (ALL the heavy hitters were there!)

Right now inventory is very low, so the market is super competitive for buyers, especially if you are looking at it from an investment standpoint.

We are getting a good amount of off-market deals but marketing costs have gone up with so much competition. https://www.wbtv.com/2020/01/10/more-people-moving-nc-than-ever-before-report-says/?

Inventory is limited right now, and it's gotten more competitive, but the rental market is strong and there is a lot of upside.

Look for one that has income in place, and one that doesn't immediate heavy lifting to keep it operating.