Nigel's right: there's a lot of stiff competition, but if you keep at it you can do quite well.  

@Christopher FosterYou may consider going to wholesalers but keep in mind competition is stiff as well and a non-refundable EM is required in most instances.

In addition, for the ones that do make it to the market, owner-occupants face stiff competition from the plethora of investors in the NYC area. 

I too live in a highevpeiced market and do quite well, even considering the stiff competition.

EVERY state either strictly forbids landlord self-help (with stiff civil penalties or criminal charges) or permits LIMITED self-help under VERY LIMITED circumstances.I'm also a practicing lawyer (in Texas) that focuses on real estate and investors. 

I would say the competition is stiff to say the least.

The borrower's total PITI (+HOA, if applicable) payment should be lower than local rents to make it in the borrower's interest to perform rather than stiff the lender.

Our state we worked this Oregon and Washington have made it illegal to do most anything with a home in pre foreclosure there are very stiff rules and some of it is criminal so we no longer do it at all.

Need to remember when competing for a style of house that the masses are after its going to be some stiff competition.

Nobody with good credit to protect is going to stiff you for damages.- Relax your pet policy to allow small and large dogs and cats.