Instead, you’re now in the shark tank receiving manipulated, and unfortunately, dishonest information because the lender now knows has to compete with however many people you’re talking to.

Many new investors in NYC + Long Island are attracted to house-hacking mainly because they don't have to compete with cash buyers.

I just sent you a PM with one of the largest players of that loan type.

It is frustrating to compete against such irrational behavior.They may be right and they may make a lot of money. 

I think this could work if you market it as a way to compete in competitive markets or to help increase a home's STR income.

While I still own it, the market it competes in has become insanely competitive so the risk reward profile to me just doesn't justify any new money.

These are the types of people you'll be competing against when bidding on BRRRR deals. 

You could very well be competing against buyers that are not doing this.

Know that you are competing with student apartments near campus that are furnished and this is a huge incentive for some students.

Some of the services they provide that are important to me are: Property inspections every 6 months, detailed with photos posted to the portal, no chargeTop notch screening for new tenantsShowing the property in person Competent maintenance department, quality work, fair pricesVery good attorney when necessary ( No I have not had any evictions) but we had a tenant pass away, and between the attorney who advised the property manager, they handled everything in a prompt and professional manner, at no cost to me.Also very good procedures for move-in and move-outs.Hope this helps