there’s an over abundance of mid range rentals so it’s driving down rates.  

As I look around there is an over abundance of lease with option to purchase contracts, but I haven't found a true lease purchase contract.

Now some markets its much easier as there is a over abundance of old housing in need of help in other markets its way tough..the agent route builds a base and a business for life  at least I know it did for me personally starting 42 years ago at age 18.. was I millionaire by 20    DONT think so... but as time goes on and you get expeirnce your income goes up .. your contacts go up and its one great vocation. but its not easy you do need to be able to sell and close.. if you can't close you may not be good at wholesaling or real estate.

The city simply has an overabundance of hotels and the population decline and on base housing has decimated both the hospitality and residential rental business.I think there might be something here, no risk no reward.

I met with a wholesaler about 4 months ago and he said that he had an overabundance of leads.

Tied into the One Seneca Tower deal, there is an overabundance of outdated office space on the market.

CDW has a over abundant amount of sulfur, and if a house has it, you'll know by the rotten smell.

If there overabundance of new housing?

From a Market Standpoint - slight overabundance at the moment, due to some higher end student oriented properties that have come into the market over the last several years. 

Because there will always be students looking for housing in Santa Cruz; as I said, there's an over abundance of students, and UCSC keeps admitting more and more students each year.