@Joe Bertolino a "mom and pop" buyer may be able to make a property work because they may do a lot of the work themselves - ie management, cleaning, etc so they can make the bottom line work for them where a more "professional" company might see it as the cash flow being too slim. 

I know the odds of a potential issue (eviction, licensing violation, etc.) are fairly slim in this scenario, but I was hoping to get some guidance.Thanks!

BUT, if they are properties that are struggling to stay occupied, cash flow is slim, in a location with not much growth potential, then maybe you should consider liquidating them. 

You can use the traditional providers that do lists for real estate agents like Expired and FSBOs, which in my market are slim and none right now. 

If you get stuck in any type of market correction thats slim pickings.

From what you have listed this seems like the deal is rather slim.

And, it doesn't sound like you have experience or a track record, which means the likelihood of them giving you a loan to include the full purchase price and rehab is slim to none. 

Yes, things are slim here, but keep your eyes open and stay searching and you will find the nugget.

The casual flip may be tricky as the margin for error may be slim in many markets and it is never quite like they show on tv (for great background, check out the BP books on flipping houses, for example).

If this is a large institution the odds are slim versus a local bank that owns the loan.You just have to walk away sometimes onto something else.