Potential for profit, but still time and money invested for too slim a return.

There is no inspection contingency in their contract and unless you're an owner occupant there's zero chance of them giving you your money back based on inspection findings and estimates (and even as an owner occupant the chance is slim).

If the ARV is $170K, it will be a slim chance, he will take $20K when he can wholesale it for a lot more.Joe Gore

Margins are very slim with not much room for mistakes.

The chances of you removing the mortgage insurance, either as MIP or PMI are slim to none this early in your loan.

Now the inventory is very slim and the prices have increased significantly (both of the MFs I bought have doubled their appraised values in two years).

And find out how comparable those places that rent for $500 really are.Without anything else to go by this looks to me like it might be a pretty slim deal.

Louis and its not as competitive up there, but my margin was pretty slim on that one when the dust settled.

However, most people don't follow SEC rules and the chances of them coming down on you are slim to none

The answer to your question in "high end neighborhoods" like you posted earlier is SS / REO's are SLIM to almost none in Rochester, Bloomfield, West Bloomfield, Troy, which are areas you're looking to target from what i can tell.