I do not think there will be much competition.

Keep in mind there will be competition contacting the family members to purchase the property during the probate process as well.

I was at a conference in San Diego last month and one of the guys I was speaking with was talking about one of his colleagues and they flip about 70 homes a year in the LA basin average exit price right at 700k  average profit between 7 to 15k.. that's how competitive it is.. that's a lot of work to make 1 million or so net and a ton of risk..

., you should be ready for a lot of competition in NYC  (especially if you're looking for a deal) so get ready to hustle. 

I am in Dallas, which is highly competitive.

Most flippers avoid educating anyone out of fear that they might be future competition.

As a resident of Pearland, this is great news and easy to believe...as an investor, I would have to imagine this will just make the rental property market that much more competitive.

If you are in a highly competitive market the sellers may not agree to this, but it could be worth a try and would limit your risk. 

This tells me that a lot of buyers are buying this way to make the cash flow numbers work, if the numbers won't work on fixed rate debt today many of them won't work on fixed rate debt in the future of a rising rate market leaving some owners forced to sell at a discount to get out or hold a losing property for as long as they can.On the commercial acquisitions, I expect to see a smaller pool of opportunity however the same risk factors mentioned in the 4 and under unit property class will also exist in the commercial property class as well there's just more liquid competition from the small Syndication pools to absorb those deals, I'll only participate in Mid-size Syndications once rates reach a certain point as that is the best strategy for me.    

What am i not thinking about and why is there seemingly no competition to purchase the property?