Flipping in a saturated market

[Andrew Campbell]

So I've found myself right in the middle of a situation I have feared for a while now.  So I'm in a military area with a high turn over rate. But over the past 6 months the market has been completely saturated, a true buyer's market.  Now while this is a great time for me to stock up, I fear it because I'm worried my standard formula in competitive markets may fold flat with so many available options to the end buyer.

This particular property has all the right math I usually look for, with a projected ROI of roughly 28% after $30K in rehab. It's an easy facelift foreclosure in a nicer part of town. Inspection checks out with my usual inspector and I can't seem to find any hidden liens to bite me. Everything is green, but I'm still hesitant simply because I don't want to get stuck with this thing on the market for 100+.

So what say you BP family?  How do you make your property stand out in a buyer's market?  Do you spend less on the rehab to afford yourself a few pennies on the dollar?  Or do you swim to more familiar waters?