Just to say that you've never done it, inventory is getting thinner, competition for remaining flip deals is higher, margins thinner, and you're not paying cash to get a great deal - but you're also not putting your partner's money and credit at risk?

I could see prefab being used for many SFR to reduce prices but it probably requires more competition.

Do you think successful RE entrepreneurs need to chase small time investors money, mentor newbies and write books about their winning strategies in an already over competitive / saturated market?

Not too bad for a super-competitive market that's "too expensive!"

Disclosing borrower details is confidential information so the banker has other issues.Being ahead of the competition, understanding economic effects of what may happen is just good business.Unless you obtained the information from a confidential source you don't really have any ethical issues I see. :)

In addition, depending on your budget, competition is fierce, but especially so for any property under $1MM.

I have heard these have gotten very competitive and harder to find good deals.I'd be interested to hear the feedback from the investors here at BP.Also, let me know if you are going to in person auctions at the county or online auction sites.

I personally try to envision myself undercutting the competition by at least $50-100 per month in rent.

I am hoping as I venture into the Columbia area I will have the same outcome where I feel not as much competition and prices and taxes are better.

You have a lot of competition so you really have to get everything going great across the board to get high adwords rankings.