Your seller might be fearful so you can use that to negotiate a lower price, and buyers are fearful so you have less competition.

If you are doing heavy rehab, then the second metric maybe more important. 

Longer term rents and more competitive pricing I guess, making it slightly less profitable in the short term.

This would be a good time to re-look at comps and see what your competition is like. 

Suburb feel but within walking proximity to a grocery / town area.I know this is a tall wish list and I don't delude myself into thinking that I can live rent free especially in this competitive market.

@Hunter Phillips yeah now is probably a pretty decent time to buy a primary as you will face very little competition from other owner occupants and many primary residence choices don't make great investments so you might not have much competition there either. 

If water/sewer is normally included in rent in your area, then you'll find yourself at a competitive disadvantage.

I know this is where most of the competition is so my question is, is it best to make blind offers and than adjusting the offer if needed during due diligence, or risk taking longer to make offer by seeing property first and coming up with offer after seeing property?

Only one was fairly close to passing my checklist but it fell through because I'd be inheriting a very bad long term lease with all the tenants.The area I'm trying to invest in is pretty competitive so I get why any good deal would get picked up pretty fast but the last week I haven't been sent anymore properties to analyze from my agents (I have 2).

I know I was an aggressive buyer at the time and competition had heated up for buyers.