There have been a few times that I have suggested to a guest to just book another night at lower rate if they request this prior to booking.  

If the seller was willing to drop 33% that fast, maybe they will go lower, or maybe there is something off.  

You are going to learn more by implementing the process than anything else.The most important thing is understanding timing of a wholesaling transaction and writing the contract correctly.

I am having a little harder time finding the lower end properties I usually invest in but that is mostly because I have been tightening up my personal requirements and ratios.

@Clayton Crouse thats a very complicated question and givin the strict regulations on these types of transactions you should rely heavily on a good CPA who know this sector of the business and the laws that go along with it. 

There are tons of responses for what to do when the appraisal comes back with a LOWER square footage figure vs. the advertised MLS listing, but what about the opposite case?

My prices are good and I am on the lowers side of that range, and I can even get down to like 45-55$ if i really want to beat my guys down. 

Here my understanding is that demand is so high they can be full quite quickly after certificate of occupancy is issued but other markets are different and your construction costs are much lower. 

I think initial purchase rates are slightly lower.

For me, every single listing on the market is of value - it is either a deal to purchase, a retail ready property that helps you price your flips, or a perfect example of what NOT to do lol (that 300+ DoM property that the owner begrudgingly lowered the price after it sat too long and is now unwanted inventory).