Judging from Meetup.com it looks like the REI club pickin's could be slim in the Albany area, but you could get lucky.

After accounting for closing costs, you end up with a very slim margin.I have noticed that a fairly large proportion of the investors here have their own real estate license so they save on selling costs.

The chances of the appraiser increasing the value are very slim. 

I keep hearing that even if a tenant loses in court and is ordered to pay me the rent she owes that seeing the money is slim to none. 

Your area is pretty wide spread for the north, but as you already know it's slim pickings.

The inventory is slim because mom and pop LLs are fighting ruthlessly here to snatch them up.

If the deal is so slim that you've got to cut people out of it maybe it's not the right deal or a deal at all.

My margins in the deal were slim in a market of feast.

SO odds of beating a 45% dti ratio are slim.

I've generally found anything under $500/mo after debt service + management is not worth the time because that slim a profit margin's too often lost on unexpected maintenance or other factors.