I've heard that margins are slim in Colorado Springs and I don't want to pass on opportunities if I'm chasing the averages I hear on podcasts if they aren't realistic in this market.

It's impossible to give very strong advice without having a ton of information, but $10,000 is probably a little slim to quit with.

While an area with a lot of activity may be easy to find a buyer, it may be hard to find a deal and margins may be slim. 

You're right, it looks slim.  

Any buy and rent cash margins are slim, as well as any appreciation (Suffolk County has or had at one point the highest number of foreclosures of any county in New York State).  

It's pretty slim profit if they use the conservative ARV.

The chances of a long term tenant with a property full of junk and paying under market moving on schedule is slim to zero.  

It's a nice & quiet small town with military people being about 30%, so chances of vandalizing are slim.  

If the coffers are full and values are strong your chances may be slim, if there are high numbers of properties not bringing any money in they will most often take what they can get just to bring the property back into paying status because the vast majority of properties that rack up large Code Enforcement liens also have past due taxes.

You are absolutely correct the likely hood of this profile having all the ducks in order is probably a very slim chance.