It is EXTREMELY competitive and the margins are very thin, so the more expense you can mitigate the better.

What about the competition? 

There is always room to add another property and make a decent return, but it requires enough knowledge/experience to create a rental that is unique enough to attract renters away from the competition.

It’s priced competitively using area comps (even slightly lower), it shows well, and we even allow dogs (no cats). 

Something to the effect that they will look at pics and video of the space and give you ideas on how to make the space unique with good style to help your place stand apart from the competition and you can purchase the material from the company as well (think wall accents, cabinetry, etc)I think the pod dropped in the last couple weeks.

Then do rest of the property.3) Recommend adding 3D Tour and Floorplan-- Some of the competition already offer.4) Marketing Exposure-- Can see it on Zillow, Redfin, Appartments.com, Realtor.com, Homes.com, Trulia & Hotpads, which are all the big ones.5) When is the last time you dropped the price?

Strong business credit can sometimes offer more flexible financing options when starting a real estate business.Step 4: Leverage Your KnowledgeAs a business management major, you have a unique perspective and skill set that can add value in a competitive market.

I think that line was a subtle shot against a lot of the competition who were founded by software folks or small scale real estate investors. 

That allowed us to get the property at an even deeper discount in a really competitive area of NY. 

Utilize Off-Market DealsOff-market deals are valuable because there’s less competition and potentially better terms: Direct Mail Campaigns: Send targeted mail to owners of distressed, vacant, or inherited properties.