Getting it under market value would be a bonus.So, would using an FHA 203k renovation loan, which would allow me to buy something unqualified for a standard mortgage, which would weed out a lot of competition and push the price lower.

If you buy and ordinary property in a so so community, the competition will basically dictate your nightly rate and you will cap out.2.

Hello Dears, could anyone recommend insurance companies for ST rental that has competitive prices?

If you need a walk through the Indy area please feel free to reach out. 50k is a competitive range around Indy, but you can find deals if you look in donut counties as well!

We are EVERYWHERE to be found, we are known, we DOMINATE our market and competition.

Is there a way to gauge the competition level in a particular market?

Take a peep into what the competition is doing.

You get sad really quick when you realize that #1 inventory is low or too competitive #2 costs are high (20% down on $800k property is insane). #3 Doesn't cashflow, #4 high property taxes, #5 not landlord friendly- rental control is real. 

In a competitive market like S.

I regularly comb through the MLS and run the numbers on properties in the pursuit of a deal that I can present to an investor (providing me the opportunity to be the buyer's agent now and possibly the seller's agent in the future) but as you know, that is the most competitive marketplace and deals are getting harder and harder to come by.