Move out of state to house hack a property because the current city I'm in (Denver) is slim pickings. 

And that is something I will never tell someone to do, because while the chances of something bad happening may be slim, you are technically committing mortgage fraud.Not what you want to hear, but hopefully that helps. 

Now may be the best time to do it IF you are ever going to consider doing it, as the chance of stock market skyrocketing any time soon is very slim. 

Profits are slim (on a % basis) here in the bay area, but generically speaking the costs are greater so the actual dollars are higher.

@Dante Gonzalez's deal is really slim to begin with, so he wouldn't be able to charge much.

I'm in the Phoenix area, but I have not been buying at the auction for the last few months, the prices between auction and retail are too slim right now.

I’m trying to see if there is a way to send her past rent due to collections, fully understanding the odds of collecting are slim to none.

You make money when you buy - not when you sell.If the margin is too slim - it's not a deal.If market sinks when you're done with updates - what are you going to do?

I did have a syndicated 20 unit deal and the pickings were slim. 

However, many investors are happy going the same route you are with the slim margins for errors.Take a look at the 50% rule for Cash Flow (-$68.88).