WI is a judicial state so, foreclosures happen in the courts for the lender to get their judgement to proceed with sale.Even though there may be a redemption period for up to a year, the likelihood of that happening is slim.

@Craig Jeppesen completely correct, the margins would probably be extremely slim if not non existent.

You will be stuck hoping for appreciation or that you can earn your way out of the slim margin.

Seems like the profit margins on fix and flips are slim, but long term and short term rentals look to be providing steady good cashflow.

Even though I’m not “selling” anything and am proposing making them money it’s a foreign concept for me and my circle is quite slim of people who have the type of capital needed.

That said, if I have a dump, and they are trying to get FHA or VA financing, I don't postpone because the chances of closing are slim to none.

Granted, the chances of that happening are slim to none but, there are no prohibitions against it.

I mean if the properties seem too good to be true, could that be because the chances of finding a renter could be slim? 

The market heated up so much around here there's pretty slim pickings.We're doing a major rehab now that will probably take us until December, then we'll start shopping hard again.

The pickins here in the Charlotte, NC area area pretty slim, so we've considered using a service like roofstock.com that vets the properties for us.