I will tell you that the actual test I took for my license was more situational based than multiple choice, true/false etc...

Supply is also very tight and good properties will often receive multiple offers above asking.

On closing day I go cut the water on find multiple leaks in the water lines, bad faucets, broke toilet and shower valve. 

Hello All, We've entered escrow on a property just yesterday that has been on and off the market for a few years, and according to the selling agent multiple potential buyers have been in escrow on the property but eventually ended up walking due to the sellers not being able to find a replacement home.

Hi Everyone,I'm an investor from Houston with ambition to buy and hold multiple single-family properties around the houston and sorrounding area.

I lose my house last year because of a situation that was out of my control (long story involving an over spending relative and a friend that we housed for 3.5 years for free who ended up opening multiple credit cards under my name and completely destroying my credit ).

@Kirsten Ostbyit's amazing to hear about you guys being outbid for multiple places.  

It could cashflow if I added a bedroom in the basement.I'm a fairly conservative investor: a minimum of 20% COC, 2% rule, with a good buy and/or multiple exit strategies.I actually discovered BiggerPockets because I ran into issues purchasing my first two condos - I could not get the bank to finance the second condo because there was too many rentals within he complex. 1) Condo (1/1) - purchased w/ 5% down as an owner occupied property (one of my best properties)2) Condo (2/2) - got denied so I got creative and used the checks that credit cards sent you (25k) from three different cards, begged friends, and had about 15k in my bank.

There are usually multiple offers and bidding wars are common.

There is always the chance that someone else can come in higher if they were receiving multiple offers.