Realistic profit margin ? - repost

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I posted this under the rehab section - though I might get more play here...

Short version of my question :

After much research I believe it would be relatively easy to consistantly turn houses for a quick $10-12k net profit...on a 90 day average turn. I'm talking HUD, VA, brank owned properties in the $75-125k range. So I'm talking about a 10% + / - margin.

Seems most folks won't touch stuff unless they can clear 30-40% margin? My thinking is I'll quietly take the "scraps" and look for a consistant, easy profit.

What am I missing here ?

pfinder