I choose to have a management company do the heavy lifting for me and I manage them accordingly.

Build by Monday, Sold by Monday, Fixed by Monday aside from Joel, the only competition I can possibly have is Tuesday, Wednesday and Thursday.

We own one piece of heavy equipment for clearing land.

Sometimes pricing is too high and sometimes when new information comes in the price will be adjusted up or down to be competitive or to hurry a sale, depending.

OR is a spot with little/no rentals better because you don't have as much competition?  

There are a lot of really terrible flips here, so there's opportunity to separate yourself from the competition, just make sure you budget correctly and make sure there's enough meat on the bone. 

Most often a home like that will sell for $75,000 +/- to a retail buyer who is trying to save some money by buying a fixer upper.Those buyers are your main competition for acquisitions.  

You should figure out what you are looking for (training heavy, lead providers, some sort of mentorship etc) and then roll from there. 

But, if it's dialed in, it can be VERY lucrative, as prices are inexpensive, there is less competition, and the price-to-rent ratios are excellent!

So I actually look for the homes with these problems in hopes to get a better deal and have less competition.