I do believe in an abundant mentality.....more than enough for all. 

There are also abundant opportunities for small multi family and SFH.

Having an abundance mentality can be helpful in this situation.

My question is, with how hot the Phoenix market is currently, is there still abundant opportunity for new wholesalers in that area?

You can find an abundance of information in the forums on different loan structures and how people have worked different deals.

Hi Scott and welcome,There is a abundance of information of flipping houses and the process to analysis a deal here at BP.

You can offer discounts for weeklong and boost occupancy, or keep rates high and have mid-weeks empty.A couple of other quick observations - thanks to fracking, we have abundant natural gas in Penna. and may homes have supplemental propane. 

I also know from personal experience that area has a stable and abundant source of tenants from the two major teaching hospitals and the medical school. ( I was a resident at Case myself and have a good knowledge of the rent and neighberhoods).

-Short sale duplex which caters to grad students and young professionals-Building constructed in 1930 and in good condition -Majority of properties here built 1860-1950-Cap rates for the downtown area generally 6-7.5% -Market is hot and multiple cash offers are abundant within first few days Contract list: 340k, sold in 2006 for 444kContract price: 318K cash, which is probably 97% of FMVCurrent rental income: 3,000/mthVacancy: 5% estimate based on other investorsTaxes: 5,000/yrInsurance: 2,600/yrUtilities and trash: paid by tenantMaintenance: 5,040/yr (assuming 14% gross rent)Contingency: $500/yrProperty management: plan to do own right now, yet market is 9-10% of rentMortgage: Plan to finance after purchase, 25% down at 3.70% 30 yr fixedThis seems to yield a ~6.5% cap rate and ~9.4% CoC return.

There are also abundant opportunities for small multi family andSFH.