At $1500 margins are slim - what if he's wrong?

But at the same time, pickings are slim, so this type of ideal tenant may not ever apply.

Assuming utilities will run $250 per/ mo, and internet $50, that puts your monthly expenses at $3,050.At this point you already have a very slim margin and you haven't even factored in maintenance and vacancy.   

Now, the odds of this women being investigated by the IRS are no doubt slim.

It's good to see you factoring in a decent vacancy factor, but since you are working on such slim margins, please make sure that if you have a tenant that stops paying and it takes 12+ months to get them out, you will still be able to cover the expenses on the property. 

Instead, if it is some number way above your budget, I would recommend possibly slimming it down but being smart, and precise with how you do it.The last thing I will say is you do appear to be targeting large cities with already tough competitive markets, so just take that into account during your marketing.

Then the parent would be responsible for getting payment form each of the students who are in the property - and it may be difficult to find a parent willing to do that.The ideal situation would be for the city to allow me to lease each room separately, but I assume the chances of the city changing their rules on this is slim.

“The availability is really getting slim,” said Misty Hill, director of residential services for Highland Row.

IMO as a wholesaler you are doing EVERYTHING an agent would do in a RE transaction.That being said the chance of this happening are slim, but it's out there

If he wants something under $1k per month then the pickings are very slim.