Not in SA but I would say 10% margin is too slim. 1 error or unforeseen issue will wipe out your profit.

BPOs are a fraction of what they once were and REO listings are slim with the majority of the REO Listing going to experienced agents.   

I'm sure there's one rock-solid wholesaler out there that gets really good deals but by the time he gets them they're already gone and the odds of you being the one guy that he gives them two are slim to none.8. local real estate investment groups that have weekly meetings- I signed up 2 years ago and went to like 7 meetings and it was a group of people that were stuck in analysis paralysis mode that mostly talked about the deals that they missed and that's not the kind of people that I chose to surround myself with.

Most sellers willing to do a Sub-To are somewhat distressed and equities can be slim, but each case is different.

I would not do this deal for such a slim profit.

I have networked extensively to the point of flying to Texas to meet with a slimmed down number of property managers whom I felt would be a good fit.

There can be finds there, but typically is slim pickens on that list. 

I'm looking for small multis in the same areas and it's been slim pickings so far. 

In regards to the Las Vegas market where I am, there is slim to NONE going for a 30% discount.

So, I think it is slim pickings compared to where it was 4-5 years ago.