If the property was a good enough deal they may have also gone above ask and had $5k in earnest money, when cash competes earnest money is a big lever they can pull to make themselves stand out.

You want to look for an area that is friendly to STRs and that doesn't have too many hotels to compete with you.

You need to study landlord-tenant law in Massachusetts and your local county and municipality and make time to be a competent LL.

Normally we get a lot of homes from wholesalers but in order to get the homes we have to do a lot of the same marketing they do in order to compete to get them.

It's main clientele is professional football and baseball players. 

The substantial upswing in demand is driven by a need for indoor and outdoor space met by record lo w mortgage rates and a wave of millennials who were on the verge of buying — all competing for fewer and fewer homes on the market.

Also, consider that if it made sense to build new parks, all the big players in the space would be busy building them. 

Most are working to shut it down and make sure regular folk like us can't compete with hotels.

Any new projects being built near by that will compete? 

What some strategies to add value and allow you to compete in less crowded sales that worked for you in NJ?