I always told new agents comign to work for me you need to save up 1 years of livings expenses... it will take you that long to get your income coming in a consistent way.. or you need to keep your job and do this part time until you grow into it.those that quite thinking instant success in what is a VERY VERY tough business usually went broke and were out of the game in a matter of months.Think about it like your starting any other kind of small business.. you need capital in the bank you need capital to run the business and you need capital to live on while you are priming the pump.You also need exceptional sales skills and should spend money learning how to sell and close.you need to understand this is 24/7 ... if your going to beat your competition to the deals.And remember there are simply WAY more wholesalers and wanna bee wholesalers than there are deals in MOST markets.. 

Is it to competitive/ saturated for the long term strategy?

Obviously the end goal here is to get fixed rate financing at the most competitive rate.  

Our market is megga competitive.  

They look at your global financial picture to see if you are lendable and one bad investment can cause if an application to be rejected. 

Better to work together as a team and cover more ground than compete against each other. 50% of a deal is better than having no deal and losing to your competition.

It will allow you to go up a little on price since you could do house hacking to help with the mortgage and have marginally reduced competition.

I am looking for someone who refinishes and installs new hardwood flooring at a competitive price.

My question is, with this budget and a competitive market, will I be left with only a building / neighborhood with depressed rental income and renters that need a lot of oversight?  

Decided to go into the mobile home business due to less competition and the opportunity to focus on a niche not many knew about.