@John Morgan I've noticed deals are slim on places like Realtor and Zillow, but what about off market stuff?

With your set up, you aren't going to get stellar applicants...... if you do, they will likely not be long term.You are going to have to pick the "best of the worst"..... don't expect much...... so far, the pickings are slim and raised giant rent flags

Chances of buying notes from your local bank is slim to none. 

Are these numbers too slim or am i just being a newbie baby?

Now that I’m actively looking again it is slim pickings :)

So cash flow might be slim for the first couple years until you get a few rent increases.If you get on some wholesaler lists you might see some B level properties but they’ll need some updating.

If a property is listed (MLS) - meaning its for sale "retail" - chances of there being sufficient margins for you to wholesale the property seem pretty slim.  

So this was the last day of a fitness/slim-down challenge my extended family and I have been on since January getting ready for a wedding.This was a SMART (Specific Measurable Attainable Relevant) goal and had a positive result because of it.  

If they are members of similar clubs in your area, the likely hood of you being ripped off is slim. 

I would recommend looking into local lenders as well; I was able to find one that offered 5% down with no PMI which is huge in my market where the margins can be pretty slim.