The banker you found and your ability to buy prices cheaper than the cost of the dirt they are sitting on seem to be your competitive advantage. 

And my competition is busy .

Pricing a property high relative to your competition is a good way to get a crummy tenant.  

It's very competitive and you need to be ready to move FAST!

The most competitive insurance options in Milwaukee depends on the location (low crime/high crime) the value of the property and how you want it covered (ACV or Replacement Cost).

Lots of competition with lots of buyers and few sellers. 1% deals are possible but few and far between, unless you are willing to do a rehab or buy in the rougher areas of town.

Not only are your costs higher but so are your material costs for rehabs/renos (you may also need to give the unit a new look more often to match the expectations of the HGTV loving tenants and to keep you competitive in the marketplace) also people tend to overlook the fact that white collar tenants can be really needy.

Im trying to figure out if this means more competition....or more resources...Just kidding, this is awesome news!

In Memphis you might have some competition!

When I started, I had some good competition so I decided to build a brand knowing it would take a few years to develop.