Rates are pretty low as well, with Interactive Brokers being the most competitive at 3.91% - 4.58%.  

I fail to see how the highest amount of competition makes a market the best for a flipper!

We are very conservative on the ARV and to date we have only had a few flips come in below our target profit range. 70% ARV minus reno costs is a terrible strategy and will lead to not being competitive and losing out on offers.

LL flooring has a decent product, they call it RVP.I just used their "Rivers Edge Oak" it looks like real hardwood for a fraction of the price and is easy to install.

North Jersey is expensive and competitive market.

Of course, its very competitive, so its difficult to find cashflow in Pierce County. 

Being a little below the competition will get you a tenant quickly.  

It's a junk rental and he has to spend his own money on marketing the rental but his competition is much more experienced.

I could simply offer to manage the property for them, but I'm willing to forgo short-term revenue and cashflow for long-term equity and wealth building.Value-adds:Here are the three major things I think I bring to the table that other investors (especially those not focused on this niche of the market) don't have:Acquisition: Access to off-market vacation-rental-approved properties at below-market ratesSet-up: Expertise with navigating the necessary licensing, connections to furnish properties quickly and extremely affordablyOperation: Successful (and proven) management (above-market revenue and occupancy--high reviews, fast response time, competitive rates, etc.)I would thus definitely say I bring value to the table. 

The cost of starting a site is often minimal, and every dollar of incremental income is a large fraction of your start-up costs.