@Robert BurnsStop worrying about what is owed and make an offer on property based on valueIf they owe more than it’s worth then walk away as it’s in pre foreclosure and if they had the $ they would not have gotten this far so odds of them coming up with cash are slim to noneOther option is a subject 2

Then he was going to see if I wanted to buy it from him and flip it myself, but I don't think that I could make any money on it if I bought it from him as I would have closing costs, holding costs, etc. that would just push the profit margin too slim.

Margins are slim as printer paper on the flips but they're shooting for volume as well as the fact that its a great interlocking income stream for agents fees and commissions as well as for their lending and closing lines of business.I guess it's good to know that I'm not the only one who can't find two sticks to rub together at the lumber yard.

You want to be able to walk ( or golf cart) to the beach, as parking gets slim early in the mornings.As far as preference, that's up to you.

I can't live with that" are pretty slim ;)Maybe a nicer floor would draw they eye so the ceiling doesn't stand out so much, anyway.

If you run your business in an ethical manner, in compliance with applicable requirements and properly insure yourself and your business entity, the chance of having any real problems should be slim and none.

It slims out the investors margin for profit. 

He might step in on the foreclosure as a lien holder, slim chance.

If you over-leverage and have slim margins..this is a recipe for disaster.

The first year may be slim but you shouldn't have to feed your reserves after up and running.