AHS incentivizes contractors to do the minimum amount of work.This is the LA area, where contractor competition is fierce.

You may have good luck with a lender who is national and operates in all the states you want to invest in, but you are likely to find competitive terms from a local lender where the property is located as well.

I see more value in properties that are over four units, mostly because it is a different type of loan and therefore reduces some of the competition.

I’m ready to take on future competition, which I imagine more bigger players are starting to enter.

@Matthew BrzowskiLove to go where the competition isn’t.

My son goes there and bought a condo but found competition with the newer multi-family can be challenging but doable.

That's a competitive market! 

By looking at the data you will be leaps and bounds ahead of the competition.

Cashflow is hard to come by if you are looking the single family market and like Colin said, multi-family is pretty competitive but not impossible to find.

The two markets you mentioned are very competitive as everyone wants to be in the hottest markets.There are deals to be in every market cycle but not every market.