@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.

Which is why I’m here.Something just feels OFF…To me—in a tough market, you need to differentiate from the competition, and you need a much better way to reach your customers. 

What I find interesting in this thread is that, generally speaking, the men say it doesn't matter, but the ladies all say the king bed is a must.My margins are going to be razor thin on this, so I need all the competitive advantage I can.

Competitive market, cute property, VERY affordable price range.

At least it was for me back in 2007 and the market wasn't nearly as competitive as it is now.

We've got about 8 homes on the market, priced at or better than competition and they are still not moving. 

After all, you figure you're still getting the ownership of this stock for a fraction of the overall value.Furthermore, you recognize that the 5% dividend on an increasing value is an increasing dollar figure, so eventually, the dividend will entirely cover the payment to the bank.