Like I mentioned, we had renovated certain properties soaking $10-17k into the 2 bdrms to get them where we wanted them to be better than our competition and not have disrespectful people in the properties. 

They usually can keep competitive and keep closing cost low.

@Bo BlackCongrats on your duplex currently looking to purchase my.first one in the Dallas area Very competitive and saturated It's a bidding market right now so I'm waiting while.i save enough for the down payment as well.May i ask what kind of purchase your first duplex was?

Competition. 

Wow that's a great profit in a competitive market.

That is why most fail when the owner dies.And "Non Competition Clause" LMFAO, try enforcing that when  his cousin opens up the same business a block away.

No doubt the change was pushed by the industry purportedly to help consumers but actually to limit competition and further monopolize the MLS.

@Phillip Syrios Hi Phillip - my first loan with Arv was a conventional 30year (my 10th and last) and got competitive terms. 

Competitive rates for LOC (locked for 12 mo, as opposed to rotating quarterly) and good terms.

Yes, can happen in the U.S. but these issues are more transparent, more competitive so the playing field is felt more fair for the average player.