When buyers see a lot of inventory and many months on market, it empowers them to negotiate more, this lowers prices, which in turn lowers comps, which prompts more sellers to sell out of concern, discourages buyer to make that "investment", causing more inventory and encourages the remaining buyers to offer "ahead of" where the market is going, which is anticipated even lower...I have always said, once the first row of houses is washed into the ocean, watch how quickly the for sale signs pop up in the second row.

wholesalers that are not buying property for their own account and doing value add  like you and me.. their wash out rate I suspect is better than 95%. 

So the "average down" argument is a wash, one can do the same in either.

They have the best data of exactly how things will come out in the wash vs an agent who's focus is getting you to buy something. 

The money you "save" by doing everything yourself can be washed away with one mistake.

In my neck of the woods, it's a wash and we're essentially performing like we did in 2019.EDIT: If you can't survive without performing like 2020/2021, then I recommend you start finding creative ways to increase revenue.

Dust ceiling fan blades Dust door, window and floor trimCheck/dust/vacuum window blindsWash walls with dish soap and warm waterWipe light switch plate and door handles Wash windows, check screens & latchesTest all outlets for polarityBegin PAINT PREP sequence if necessarySweep floorsSpare Bedroom(s)Remove everything left behind.

I know certain neighborhoods these railing are all over, but I still think better renters might be interested in the place with the metal.I'd put in a hose holder--go ahead wash your car, and have the broken concrete repaired (for the same reason as the railing), even though you could probably get 25 more years of use out of it.Don't get me wrong, I think it looks like a money maker as is, but if it were in my portfolio, I would "snaz it up" a little, hoping for a better renter.And have a service get rid of those oil spots on every turn.Good Luck!

What was he supposed to, get halfway through and call you to tell you how ugly the floors you picked out were. 

I'm new to the commercial side of investing, and have been researching and doing my homework on Self-Storage facilities. I had talked to a few guys in my local area and tried to pick their brain to see how they liked ...