There are really slim pickings and there are always bidding wars. 

Good points - I do agree, 10% coc is slim considering unknown in 5yrs w/ balloon.

However, like @Chris Seveney and others have pointed out, things can go south if you can't get tenants and if your margins are slim. 

I appreciate all of your advice and references in advance.Chances are slim to none to find deferred interest payments.

In my experience, this virtually eradicated various types of roaches I had seen, including the slim (German?)

I understand the risk may be slim and returns always look appetizing.

I am in bay area california and been an active investor for the last 8 years .My investments have done relatively well but chances are very slim you will come across some great deals now in this hot market  .

On the positive: equity pay down, rent and property appreciation, tax benefits).My view as old school is this “deal” is too slim for the effort of residential RE.  

The market in Dallas area is super competitive and the multi-family options are slim.

I don’t know how you can call that person or infer that the guy is a slum lord based off of the slim bit of info he offered.