Or is it just that winter inventory is slim right now?

Some will say you can get 100% financing but odds are extremely slim and if you have zero experience that makes odds zero.There are a ton of readings and YouTube videos on this topic that would be very helpful for you to educate yourself on it.

But it's slim pickings indeed.

The chance of your worst case scenarios is very very slim.

@Akshay Johar You might could find some condos or attached homes or manufactured homes in that price range in those areas, but the good pickens are slim to gone.  

$44k gross profit to me isn't slim; so I just need some insight on how to sign up the deal, especially with the bk mechanics lien in place.

Once you analyze your actual return on this my guess is that your return would be very slim unless this deal is tremendous.

How was it that you ended up with such a slim margin? 

I was thinking I would purchase cash from a hard money lender and list on the mls. 120k is slim margins but a potential for 10k in profit assuming it sold quickly with realtor commissions. 135k would be more than worth it.

I know it is slim pickings right now and I'll need to diversify my strategy outside the MLS.