You may not get it back directly in a higher selling price (depends on the competition and market), but you MAY recoup the costs (or some of it) in selling it faster.

Many decades later, through other life lessons, I began to realize that people can only handle what they're capable of... and that facts are irrelevant to most (they feed on assumption and group-think, not facts).The most valuable lesson I eventually learned from this was that I should be thankful that others are the way they are - were it not for them, I would have a lot more competition and much less opportunity for profit.  

Kick out any drug dealers, sex offenders, etc.My first park was also an infill project, and I was my own General Contractor getting competitive bids, overseeing the work being done, etc.  

Just had a Than Merrill conference go through town so maybe a lot of novice competition right now?

Competition is fierce and while I haven't looked in a few months, earlier this year every 2-4 flat had multiple offers and sold in a week if it was priced right.I'm not as familiar with Bridgeport, but what I do know is that the rents in that area are crazy low for 1 and 2 bedrooms.

@Ryan Collins, for your own mind sake, cut the drywall above the backerboard for about 2-4 inches. this will give you the studs and any pipe/drains positions.then use a big crowbar and break the backerboad with tiles between the studs. being from the 70's, i think is nailed in place not screwed in.for the new backerboard be sure to use screws for cement board not regular drywall (they rust really easy)most important: final result have to be nice, recommended nicer than competition but tenant-proof!

Years ago I won a competition with a cash reward in California and ended up subletting an apartment there to take care of business for several months.  

With fierce competition, low barriers to entry and a changing real estate market, can you still make a living these days wholesaling?

In today's market the invitory is low so there is likely more competition.  

This property was found through one of our direct mail campaigns so we did not have any competition from other investors creating a bidding war.