But I am also concerned that homes not in communities may be slim pickings in favorable areas.

The rental idea certainly appeals as I could then control who my neighbors are, but the margins seem to be just as slim there.

This kind of advanced strategy isn't worth doing on a slim deal.

We are proposing to them to request Wells Fargo to extend the closing date on serious medical grounds (we know there is a slim chance).

The down side being profit margins would already likely be somewhat slim as is.

Chances are pretty slim that we even get this property under contract, even by offering list price and going all cash.

If using CAR form or your State's equivalent, you need to know how to draft either a single or multiple addendums that include the terms you require without attracting negative attention.If you spook the attorney (OR the listing agent) you chances of getting accepted are pretty slim. 

Your numbers for a rental look kind of slim and you were factoring your percentages on the PITI, not the rent. 

@Spencer Keables  your chances of hitting that 1% rule here in Utah, especially in UT county are very slim.

Why some investors "accept" a 10-12% interest rate over a profit split is because there is less risk, especially here in SoCal where profits can be quite slim right now.