The tight profit margins don't leave room for error, and if you have a bunch of these skinny deals at a time when the area market were to move against you, you will be hurting.Great to think outside the box, good topic!

Hey Mehran, I am a Zumba instructor and am thinking of going to a car stereo place to have an input put into the dash for an ipod cord /phone cord.

I don't know how big your urban area is out there but I know that where I'm from, Portland, OR, there are GC's who do well just looking for infill lots in the city and building skinny houses or whatever the lot will allow.

There are thousands of apps, so likely there is one that you can use to track your workouts.I also like that I can add audio files from iTunes very easily, so now I don't have to carry my iPod to listen to real estate pod casts in my car.

Podcast or downloadable content to a Ipod or something will help too.

@Jay Hinrichs when are you getting your hipster glasses and skinny jeans? 

You will be taking on a lot of risk for a very low return.In my opinion, this is much too skinny.

Then maybe you could help educate the seller on the numbers that Jon and other ran you through and tell him how skinny the deal is on cash flow.

I used to be in banking and have underwritten deals on SFR and the margins/cash flow gets very skinny with just a little vacancy when the houses are highly leveraged.

Way too skinny for the work and risk as @Jd Martin points out.Oh wait - there are more ways.