@Brian Gibbons you're right, only because most of the slim/no equity sub2 and L/O's I see fall apart, usually because they are being sold to an unqualified end buyer.

IMO, this is pretty slim.

Chnces are slim you can get a deal done before word gets out unless it is a small or local bank.

About to get my first property under contract but Seller wants good faith deposit. wouldn't mind doing this but the profit margin is already really slim.

As I acquire more rentals, even though I will increase my cash flow, my Debt to Income will increase because the odds of my rent being only 35% of my PITI is slim to none.

Anthony Dadlani I totally agree Sir, but I guess what I'm wondering is when my Realtor sends me multiple listings for investor properties, can I use, say, an avg repair number or rule of thumb to quickly weed out the higher profit homes from the slim profit margin homes right away.

Slim and none I'd say, and if an appraised 90K property did contract and close at 150K, the definition of market value most likely does not apply as you don't have an informed buyer. :)   

I'm excited because I expected a complete rejection from the outset (though I know the chance of this actually become a deal is probably slim to none, lots of competition around here).   

You can put the property back in the LLC after the deal closes, but it's a slim chance that your LLC will be the borrower on this deal.  

I'm giving exactly what they're asking for, and the chances that a different buyer is going to initially offer something above his asking price are slim.