My guess is your area of the north metro may be a little less competitive than core Mpls/St.

If so, I would have imagined that there would be a lot more competition for this house, and someone would have been willing to pay more.Are you sure your rehab estimate is correct to get the house to your ARV?

I have learned that this location means more sales do take place there and might have more competition but that is OK. 

Dan, this is a great practical example of what I always advise people to do - figure out how to get into the rooms where you are the only person there who knows anything about real estate.It's totally pointless to be in a room full of other real estate investors who are also looking for money for deals.You want to be in a room full of people with money and no competition from other real estate guys.So, skip the REI and BP meetings and join the country club or the local Chamber of Commerce or a BNI group.  

There's typically a lot of competition and the place has to be priced not only well, but aggressively.

that's a foundation  some over East of there in the next states over are so bad the houses look like humptydumpty houses cracked like and egg and off 1 feet from one side to the other.. we have bought hundreds of them over the years.. its OK if your getting them with pricing in mind its not OK to pay the competitive values in Dallas then have to deal with them after the fact and that's what happened to us.. did not know what we did not know.. so it was a big fat OUCH.

Small towns have the pros and cons such as they are cheap and there is less competition but also obvious cons such as lower rents and uncertain volatile futures due to jobs coming or going.

It is my mission to create a company that provides investment opportunities that produce competitive returns for the layperson.

Go to every listing open house in your market, see what your competition is doing.

You are also in competition with people who are probably expert and in the ground in SC.