@Sajan JivaI'd be cautious about buying such a skinny deal.  

@Claude SicardI agree with @Chad Nagel that your maintenance seems pretty skinny, especially if you are having a 3rd party (or a management co) do the majority of the work.

This reminds of me of the saying warren buffet says at his speaking engagements . “ you can always tell who is skinny dipping when the tide goes back out “ Most people continue on in their idiotic spending of liabilities right up to the time their boss hands them a pink slip then they are left dumbfounded in total ruin all because they didn’t practice personal responsibility when times were good .

What's happening here is what happened to music with the ipod, video with streaming, pc games with Steam, etc...technology came that allowed something to be faster, cheaper, and easier. 

Use my spreadsheets to determine if the deal is good ;)  For a young house with minimal rehab and in a hot market, flippers might take a skinny deal (i.e. less than $20,000 profit and above the 70% rule).  

Could I bulldoze it and put up 2 skinny houses?

Like @Michael Garofalo said you can increase COC return by wrapping the rehab into the loan.Additionally, I would look into throwing some more money into CAPEX and less at PM.Deal looks skinny though.

If the deal is too skinny to cover one loan, there is no way you will get someone to cover two.

No different from commercials that say a weightloss product will help you get skinny or a soda is the best tasting.

But it seems like everything I see is trying to leave none or very skinny margins.