I am not sure there are many areas where you can command $2,000 a month in rent and in those areas I would assume the chances of getting a house for $100,000 would be slim at best.

If that's the case you may get them to drop the value to avoid counter claims, in this case, with an attorney as the gatekeeper as Rick mentioned, your chance is slim and none I'd guess at attacking them.Every property that someone wants to sell is not necessarily a deal and you can't make them a deal by pulling rabbits of your hat.

We try to stay net income positive after all expenses, including depreciation and mortgage interest at as high a leverage point as possible.As for carrying losses, in stocks I follow CAN-SLIM and don't let losses grow above about 8%.

Certainly we hope as we successfully manage our properties that we will see an even better performance by these properties improving our cash on cash return for everyone.The big challenge is as I do my underwriting I am finding that the asking prices of the buildings will return a very slim cash on cash return (some as low as 1.5-2%).  

I'm ok with a slim positive cash flow since I'll be visiting and using my place 2-4 weeks out of the year but in my initial research I'm worried if I can even get that.Thanks for your input @Myka Artis.

Available inventory to purchase to flip has slimmed down, and credit has loosened allowing more newbie flippers in the game.

Sure, you could sell it at an open house but the chances are slim (took me five years!!).

It seems like a good opportunity but I'm a bit nervous because my profit margin may be slim. 

Yes, you have a contract but that won’t stop his lender from foreclosing on him and chances of collecting any money from him afterward will be slim.

IMO, that's way too slim on a "modular".Way too slim on the flip andWay too slim on the interest you're charging.I'd suggest you read Lonnie Scruggs', "Deals on Wheels", generally referred to among REIs as "DOW".