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.

Keep paragraphs short- indent, make it easy top read- use the easiest font to read min 12 point font- serif font   Use bullets that are Easy to read               Nice and Large Body that looks appealing and Easy to read- CLEAN         Keep the message focused on the points at hand- BE CLEAR           Repeat the main point in different ways so that the message sinks in                           Offer proof with scientific data or testimonial and or some kind of Guarantee that they will not lose anything   Use testimonials- present proof that others have used                           SENSE OF URGENCY- if they don’t respond- thye will suffer a loss- money prestige or opportunity     Irresitable offer with a limited time to call           They need to call RIGHT NOW if they put that letter DOWN- they are not calling                       FEEL OF THE LETTER- enthusiasm-the "Main Idea tha tyou are pssionate about the letter needs to come off the letter   We care- what is the feeling that we impart into our product or service       What is your big idea, that you feel compelled to tell people abouit and that enthusiasm is what breathes life into the letter The letter is your one-on-one sales person           what is it that we love about what we do and makes us standout from the competitoin.    

@Mike Hurney hmmmm...I can tell ya I'm not holding my breath for Quincy. 

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?

Is it more important to have someone local or someone who lives and breathes the real estate industry?