The issue is that most of my available funds are tied up in another deal that we will be closing in early May.I have not used a hard money lender before, but my thoughts are that the margins may be a little too slim.

If the pickings are slim online, then boots on the ground may be your best approach, especially if you are not opposed to doing a little fixing first.If you are only looking in a 15 min radius, start walking, running, biking, or driving down every street in this range over the next few days, and take note of places that look undermanaged or empty, and do the research to find the owners and see if they would be interested in selling.Takes some smooth talking, and very quick relationship building, but it works sometimes.

Every time I do the numbers, it's always cutting it slim, too slim.

It looks a little too slim for me.

The chances of a buyer going through the legal expense to sue you over a re-clogged drain are slim.

The pickin's are slim lately and everyone is scrambling for viable properties.

Jocelyn - Send a colleague request and you'll be able to contact others once they accept.That said, the odds that someone will accept given that your profile is blank and you've got no profile pic are rather slim.

The odds of someone repaying a loan over 15 or 30 years to me are slim.

The outliers, in the statistics world we ignore these.Class A - Slim profit, hope for Appreciation bump.Class D - High COCR, but you need to keep repair/maintenance/vacancy at bay.I think its safe to say most folks here have a slight advantage over many who buy a property and hope for the best.

Even better is that if your agent stumbles upon a deal, the chances of you getting it really are slim.