Some have more competition than others, some are small but full of great potential properties.  

He said that there was limited competition and he never had trouble leasing a unit.

Then you can compare what your house is offering and what your competition. 

Basically a person has a 1st or 2nd that they need help with, whether it be performing or non-performing, and instead of foreclosing on the loan the original lender is willing to take a cash payment at a fraction of the original loan.

Chilliwack your looking at that nicer area being 450-500 and it is no where as near as a competitive market. 

@Cristina Ruffini Good properties - especially 4 plexes - are REALLY competitive right now in San Diego.  

I would look at your target market and see how many people are within a 1,3 and 5 mile radius along with your competition in the area.

Mark Holencik In my area DFW it is super competitive to find motivated sellers.

I am trying to get a base line for my deal analysis and I want to be sure that I am competitive. 

There is some very professional competition in the flip game here - saying that though, it would most likely leave the lower margin flips open to someone like yourself.I'm a buy n hold guy, but not flip averse if the opportunity arises.