I don't know the area, so check your asking rent to be sure it is competitive.

Considering how competitive the market is at the moment in this area, I made a full price offer with inspection and appraisal contingencies.

You likely have something to look into due to lack of notice.

As a new investor it taught me to not be afraid to submit an offer I know is right for me, don't let the competition force me to the sideline, and most of all if the deal passes the analysis check don't wait to submit an offer. 

Staying with triplex and quads eliminate FHA buyer competition.  

Given your youth and lack of experience in anything and everything, you should look for a brokerage that can put you on a sales team where you are responsible for certain tasks and you feed off the success of the entire team, usually led by a hot-shot that knows how to sell.

And so this challenge took the form of a city-sponsored competition, called “Low-Rise: Housing Ideas for Los Angeles,” complete with cash prizes and bragging rights.

If you want some competition company in your area, we'll happily come and help you buy up those lots!! 

Demographics, interest rates, lack of supply, high purchase prices, etc.

If you're looking at deals that are more competitive in desirable areas, then you may need to go higher on the EMD with some or all of it being immediately nonrefundable and/or shorter on the due diligence period.