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.

We also like to dream and decorate. 

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."

The apartment units are identical, while the cottages vary in color, interior décor, etc.... 

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. 

While regrouting I find myself whispering promises to the "Grand dame", telling her of how we have a friend who is preparing moulding identical to the original which will be put up next month, and assuring her that, soon, there will once again be laughing children decorating a Christmas tree in her front room window, and that maybe, just maybe, I;ll be able to convince the next people living within her protective walls to hang one of the Christmas ornaments unearthed in the deepest part of the crawl space onto that tree.Not almost, this has definitely become a spiritual experience for me.

Delta is a mathematical term, not unique to engineering, but finance, accounting, economics and statistical analysis.   

In addition, we occasionally get individuals that “know someone” that’s done business with us and because of the unique approach new investors can get confused on the process we follow.So here’s a breakdown of questions and concerns that frequently come up. 1.First and foremost, if you are a customer and you’ve had an experience that’s caused you any frustration we’d invite you to contact us directly and give us an opportunity to resolve your concerns. 2.Most Hard Money Lenders require 10-20% Down, decent credit and some experience.