Student housing does have the downside of competition.

Article from HousingWire:The National Association of Realtors drew a line in the sand between homebuyers and investors, but one investor says he’s had enough.NAR made its stance on investors clear on several occasions: Investors are creating more competition for first-time homebuyers, possibly even keeping them from homeownership.Back in January, the initial public offering for Blackstone Group’s single-family rental operator, Invitation Homes, became one step closer to reality, as the company disclosed the terms of its initial public offering.What was unusual about this deal was the fact that it happened with the backing of mortgage giant Fannie Mae, as noted in the Wall Street Journal.NAR did not wait long to criticize the GSE, sending a letter to Mel Watt, director of the Federal Housing Finance Agency, according to an article by Lorraine Woellert for POLITICO.

There is a lot of competition out there, and in this business it really becomes about who you know.

It is my understanding that the AZ trustee sales have gotten so competitive that the best you can expect on a normal basis is 80% of value rather than 70% which is the key number.Enlighten me because I am always interested in deals for AZ, NV, and CAPS.

You’ve got a competitive advantage with your trade skills.  

If our competition doesn't raise their prices, that is okay since everyone is near 100% full. 

@Kent Fang-Ching Do you have a competitive advantage in either of those markets?

From agent optics, the least favorable part of it is seller's expectations being inconsistent with reality.What I see most commonly is an overestimated net revenue trying to trade at a 5 cap when it is really a 2 cap, or a random value associated to the STR permit and added in addition to the house priceThere are benefits -- like finite competition and peace of mind knowing the government won't shut you down out of no where Btw - enjoyed your episode on the Sjogren podcast !

My Crystal ball: competition for starter "lower" priced homes will get worse so if inventory stays low then things don't get better for those houses whereas the higher end ones stay on the market longer an have price drops.

So I was under the impression that someone in an outside market is more willing to allow me to shadow them because they're not necessarily teaching their competition.