If the chances are truly slim to none that a duplex will be available in the area you're looking, and you are willing to move once a year, I would suggest living in your investment for a year as you fix it and repeating that process.

Without money to get started your chances of success, unless you are a business genius, are slim to none.

If they do not qualify for traditional financing, chances are slim that they would qualify for alternative financing.

If you have not received your notice of non-withholding the likelihood of getting it before your sale is slim and none.What we are seeing is that the only practical way for a non-US taxpayer to complete a 1031 exchange is complete a simultaneous exchange. 

With PM costs then this is a huge loser.I do agree that this is just too slim a margin to look at.

If cash you will find deals, if you're financing chances will be slim.

Most marketplace plans are slimmed down and offer really basic coverage while individual plans have richer options.

. ($3936 for the year)- Pay the monthly mortgage obligation: -$3380/mo.So for Year 2, that leaves me with a net cash flow of $23/mo.In order for the deal to work, I'd have to be slim on my reserves (only reserving $369/mo.) and have to find a nimble PM company (for 8% or less of monthly rent).

Now I'm currently looking for my second deal but it's been slim pickings in my area.

You are working a super slim deal one in which you probably won't make much profit if you intend to fix and flip it.Urine is no doubt nasty but don't let it break a deal for you.