Unique situation.

My names Tyler, i am 20 years old and i wouldn't be where i am if i didn't constantly try to do things differently so here goes :) While current members come to this to welcome me i ask them to leave a quick memory of...

I think each situation is unique and really depends on the individuals.

I keep hoping to find a deal, but a number of local investors I trust have told me to simply find others communities to invest in for the time being.There is always the chance that you can find a unique deal, and like @Jean Bolger  said, frequently listing price does not mean sale price.I have noticed that in general there seem to be equity markets and cashflow markets.

Its strategic location links a highly educated workforce to exceptional retail, residential and commercial facilities - Lake Pointe provides an excellent opportunity to exploit these unique characteristics."

This may apply more to residential deals, but I found this list very helpful...Signage:Bus SignageBus Bench / Stop SignageCar MagnetsBumper StickersBillboards / at Local Sporting EventsInternet:MLS (Realtor.com)Lead Generator WebsitesFSBO WebsitesPrint MediaDoor HangersFlyers Around Town w/ Pull TabsBusiness CardsValue Pack CouponsCoupon SaverPizza Box AdsAD Placement in:Church BulletinsLocal Real Estate PublicationsLocal Business JournalsTV/RadioCommercials on TV StationsCommercials on Radio StationsCold Calls/Direct Mail Campaigns to Property Owners:In Pre-ForeclosureGetting a DivorceWho Live Out of StateWith Low End Rental PropertiesWith Vacant or Rundown PropertiesWith Building Code ViolationsWith Health Code ViolationsWith Fire Damaged PropertiesWith Delinquent TaxesWith Expired ListingsWith Single Family Rental ListingsIn ProbateEvicting TenantsNetworking with:Bankruptcy AttorneysProbate AttorneysReal Estate AttorneysInsurance AgentsOther WholesalersReal Estate Investor AssociationsTax Lien OfficialsContractorsProperty Management CompaniesDevelopersREO Department of Local BanksMailmanCity OfficialsMoving CompaniesBuildersMarshallsBail Bondsmen

In the early 1900s two brothers owned the property and divided the parcels unevenly and the other side has a 5 car garage and 8,000+ sq ft lot which sports fruit trees and an old grape vine.

Without any unexpected maintenance the property produces a profit of about $400/month with full occupancy, which includes my owners first(impounded) and second mortgage, utlilities, pest service, gardeneing service, and management fees.It's a large lot with large and unique units where a lot of value can be added. 

We are in a bit of unique position (I think) because the property in question is the house next door to us.  

Probably very little, if I were to go to your area to do a wholesale deal, I think there would be no competition from those trying to wholesale.....don't mean to sound arrogant, but that saved me 50 words at least, by that I mean wholesalers usually begin in that niche, learn guru stuff, listen to wheeler-dealer types on here and most don't know much if anything about RE.You also don't need signs or telephone recorded messages.Many, but some much more than others, seem to try to do WH as some unique business placing emphasis on the "deal" rather than from a conventional RE approach.