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. 

(Very Competitive). 

Share the enthusiasm and the spirit of the letter with them         How are we different than the competition?          

It is competitive, but there are deals to be had.  

I find that there is a little competition in advertising but whoever gets the call first pretty much got the deal if the seller is truly motivated.