If agent fees are off ( I would think they would be 40k to 60k) deal gets real slim real fast.

Some flippers are doing close to that on sub 200k houses, so I can't imagine there would be much incentive for them to take on a 500k project with that slim of a profit margin.  

If it's $10K, you're still wasting your time because the likelihood of recovery is slim.

The chances of them paying out the rest of the lease are SLIM!

What I have found when speaking to attorneys on 1st position notes and getting a deficiency judgement is it can cost $1,000 - $3,000 to get the judgement, and unless they have other properties as collateral your chances of seeing that $ is slim to none and slim left town or you hope slim hits Powerball or megamillions.

The likelihood of us landing one of those is very slim.

"we want 123 Main""It's a short sale, do you know what is entailed and the odds of actually getting it are slim (long explanation of the process)""We don't care it's perfect"Then for 4 months I get calls with the frustration building as the time goes on, my answer is the same"The bank has said nothing yet, we are still waiting.

The main towns most of my clients are looking at are Forest Park and Berwyn right now, although the deals are pretty slim here too. 

Based on your rent range and your total expenses, I'd say you've got some slim margins if the expenses include what I've mentioned.  

Too much can go wrong with slim margin for error at $90 per month.