If you account for a 6% +/- greater return on your investment, many deals become a lot more attractive.

Then you can consider whether it's worth making an offer, whether there's enough meat on the bone for another investor to be willing to pay you an assignment fee, and what kind of contingencies make sense to put in the contract.Finally, if the house is genuinely priced lower that market value, it will most likely sell above asking after a highest and best round - making the asking price irrelevant (other than to serve its purpose of attracting more bidders), unfortunately. 

This forum attracts a lot of newbies, so the view to most is that of failing new first timers who show up and vanish.

2 miles may be a bit far to attract college students who like to walk to class.the unit mix is good.  

Prime Location: Modesto boasts a thriving market, attracting investors with its potential for value appreciation.2.

@Jake PickettMany OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.

In the meantime, ask yourself what keeps attracting people to Denver. 

Anyone have any innovative strategies, success (or failure) stories, or just any general advice in attracting and connecting with institutional investors?

I put out a quality product which is a complete gut job, and therefore I attract better quality tenants who take care of their homes.  

@Adam Macias  Hoping to find and partner with experienced wholesalers to learn as much as I can about real estate investing in colorado, I am willing to negotiate a very attractive partnership agreement for the perfect partner and coach.