Because as you mentioned, the cost of construction here being what it is, a bare shell could easily take 100K to complete.Do these investors just have good marketing that generates those kind of deals?

I have attached a couple of links that I think you might enjoy:The Ultimate Beginner's Guide to Real Investinghttp://www.biggerpockets.com/real-estate-investingThe Definitive Guide to Real Estate Wholesalinghttp://www.biggerpockets.com/renewsblog/2010/06/10...Podcasts you might like that are related to wholesaling:http://www.biggerpockets.com/renewsblog/2014/07/31...http://www.biggerpockets.com/renewsblog/2014/07/03/bp-podcast-077-negotiating-way-1000-wholetail-deals-michael-quarles/http://www.biggerpockets.com/renewsblog/2014/05/22/bp-podcast-071-lead-generation-phillip-vincent/http://www.biggerpockets.com/renewsblog/2014/04/24/bp-podcast-067-tim-gordon-wholesaling/Most of all, BP is information-rich!

Until then, you risk spending a lot of time and energy and having the owner sell to someone else.  

I would be interested in hearing what you define as a high-priced area, as my contention is that most properties (esp condos/town homes) in the $90,000+ range, provided they're well-maintained, would generate significantly greater cash flow as short term/ vacation rentals than traditional buy and hold long term rentals.

Due to high acquisition costs, I am limited in making the number of investment units I would desire, but do want to remain in touch with the market and generate a recurring revenue stream.

Maybe a new thread ought to be started concerning a discussion concerning the definitions of bird-dogging (lead generation), wholesaling (contracting and acquisition as a principal) and brokering (acting as an intermediary).

Im focusing the majority of my energy on Doorknocking, followed by targeted cold calls and then online prospecting.

Commercial real estate loans are made on the ability of the property to generate income.

Even if both properties appreciate at the same rate the higher priced property will still generate a greater return because of it's much greater price point.I am happy with my decision to include both strong cash flow and strong appreciation type properties in my portfolio.

If i do balance 135000 refi with market value at about 155000 at 4% I could generate a 300 per month cash flow out if it.