The fact is, you left enough meat on the bone for me to get my profit. 

This seems to be the case to a lesser extent when you go inland.We have been in a growing property market for about 9 years, and my understanding is that the coastal cities rebounded initially a bit faster and that there is a bit more meat left on the bone in other areas.I agree with @John Merritt that the South East is okay and that you can find some value there.

Sure, who wouldn't want 1500 extra bones laying around, but there's quite a bit of risk with a beach side duplex sitting right by the ocean.

Cut all other expenses to the bone.

Looks like a marginal deal with not much meat on the bone .

No meat left on the bone

Like it should be 4% rather than 0.04% interest for the refinance 5 - The above^ may kill the deal if recalculated and you're hoping to hold, but also consider if 30k is enough meat on the bone for you if you plan to flip, as you may be paying some closing costs too (depending on your market) when you sell, as well as unexpected costs

The houses do not have enough meat on the bone to flip but lots of equity for a live in.

Give a slight overestimate, take notes on what needs to be replaced and make sure to leave enough meat on the bone for them.A FAIR asking price!

I am not telling you to cut your agent out of the deal, but on sub-$50K deals there isn't much meat on the bone to pay two agents.