I don't have any ADUs, however I would love to see the creativity in this competition. 

I’m seeing the same shift: light cosmetics are winning more often because they turn faster, carry less contractor risk, and keep you competitive on price; they boost rentability, shorten vacancy, and stack equity if you bought right.

Practice your cold calls without the noise of heavy competition.Tighten your CRM.

crap I just wrote a long response and the site went down so here is the crib notes.1. ton of competition for investor dollars so investors look for highest returns and work backwards.2. sophisticated investors look at returns as a function of risk.3. less experinced investor tend to be bigger risk takers.4. to raise money one needs verifiable back ground and a deal that is simple to describe.

I think I have it competitively priced.   

I’m originally from Ohio and looking to diversify into the Columbus/Dayton market.I’m targeting stabilized 4+ unit multifamily between $800k - $2M (no heavy rehabs) in Grandview Heights, 5th by Northwest, German Village, and Short North.

But interestingly, a lot of people I talk to are still mixing in creative or alternative options — DSCR loans, private lenders, and joint ventures — to stay competitive in tight markets.It seems that even with rates improving, speed and flexibility are still huge advantages, especially for flips and mid-size rental projects.I’m curious — how are you all approaching financing in today’s market?

@Dalton Foote In our case, we don’t add a heavy markup.

Also you might have alot of competition during leasing season with every other home in the neighborhood being a rental. 

You're going to run into this in most of the major STR markets because within the last 2 years we have seen a massive spike in available inventory.In order to compete with the competition now, hosts/owners/operators need to step up their game and be willing to invest in good quality furniture, memory foam mattresses, high quality linens, professional seasonal photography, etc.In the high desert, most visitors are looking for peace, quiet, privacy, and amazing scenery so this means stay away from purchasing homes in residential neighborhoods with neighbors on all sides.