I knew in advance that I was buying this with a problem tenant and I am getting a credit at closing (my location is still very competitive and it is the only way I could win the offer).  

I've noticed that the auctions have been fairly competitive the last few months.

(This is my market on offers, not a national or actual number)  The markets still competitive, just not insane.And we should start to see different markets experiencing different trends going forward which is normal.

As things get more competitive I expect It to increase but I’m curious if anyone has been able to keep it stable or even decrease it?

@Cory Lucas out of state because the market is not as competitive, next year I will in my city but for my first couple BRRRR I want to not “play” with so much money.

Hi @Sara Mcconnell, I'm actively looking and making offers in the ABQ market, mainly for quadplexes, but it's very competitive for good deals.

The Follow Through: How to Get more People Engaged and Less No-shows on Interviews It is a competitive market for Employers and to cut down on the amount of no-shows and ghosters, you want to be one of the companies people are excited to interview for.

Biggest things to know are below:Find an agent like who knows the hot spots for AirbnbResearch revenue potential with sites like Airdna and Rabbu and look for a minimum 20% cash on cash returnDo market research for competition on Airbnb to know what amenities you need to stand outFind a solid cleaning crew and handyman (BP, Angi, Google, etc) as they are the lifeblood of your businessUse a pricing tool like Wheelhouse and a PMS tool like Your Porter to self-manage (no need to pay 20-25% of gross to a PM if you don't have to)Good luck and DM me if you have any questions!

I like the strategy of buying a property that is rent ready, and agree that you can therefore lower your CapEx when analyzing deals, with that being said, I do think you'll run into a lot of competition in the buyer pool.

How does anyone break into such a competitive market?