The competition right now is insane.

Fierce competition.  

Our annual occupancy sits around 88%, compared to the average of 63% for our competition.

From what I can tell, Accept.inc is similar to a traditional/conventional lender, but Accept.inc differentiates themselves by providing the cash up-front so home buyer's can be more competitive by way of putting in all-cash offers.

Ask yourself a simple question: Why should your desired tenant choose your place versus your competition?

However, there aren't many investors looking to purchase condos in the area, at the moment, so you won't have to deal with the hyper-competitive market that we're seeing now with single and small multi-family properties. 

I’ve also considered not only calling the hospitals directly, but some other local “competition” that I see on FF to see how much vacancy they are experiencing on a monthly basis.

Or why would they not price drop to be competitive in the area where the size of the home medium prices are around 550k.any good insight would be great to hear.

The increase competitiveness would cause you to have to update your units.

Assuming your buying in the Chicago area there is likely to be plenty of options for private money with competitive rates.