I don't overcharge but I stay competitive.No ID verification.

I talked to numerous California investors in real life and phone/Zoom calls who have lost money in far away OOS markets, mostly Midwest markets (e.g. repairs, capital expenses, bad tenants, properties vandalized while under renovation, evicted tenant stole all the appliances, property managers with high fees or overcharging for repairs).

They tend to overcharge for rehab and/or overvalue the properties they find investors and then overpromise on the rents they can get. 

It sounds like folks in this thread got bad deals and are blaming commercial loans instead of the lender who overcharged them.

It is likely better to under charge on rent than over charge as vacancy can quickly overcome the rent delta.  

Mine is taking multiple months to find tenants and overcharging sometimes over 300% on maintenance calls from crooked handymen.  

Wow... after reading this I feel like there is a lot of overcharging going on...

But I do know local managers that rip off out of state investors and such even tried on me but difference is im here locally and handle my own maintenance and such so harder to get away with overcharging me and such. let me make this very clear I do not offer turn key properties or practice unfair business practices as you seem to almost be implying but like described I do see happening nd this is why I question this cause I would like offer quality honesty and integrity where it is lacking .

Seeing as you have little (or no) experience with rehabbing I would hate to see you taken advantage of by shoddy craftsmanship or being overcharged.

We don't self-manage, but we still have to look over the PM and his subs to be sure they're not over charging us on rehab.