With that being said, if you would flip a house in the Nashville area right now the chances of it sitting on the market and not selling is pretty slim, depending on the area in Nashville.  

I know it will be slim pickings to find something at a reasonable price around here.

This may turn out fine, although the chances sound like they're slim to none.

I don't believe the other offer is real due to them requesting the continuation clause being removed.Am I foolish for doing this as upping the buy price still makes it a good purchase but it makes my margins very slim.

However given the slim margins ( with full leverage ) that most BP investors run on..

So in my opinion, it is a very slim strategy, because if your refi doesn't work, there is not that much meat on the bone for too many optional strategies. also, re-check you rental rates in that neighbor (pre AND post renovations) hope this helps. 

The numbers on your deal are a bit slim, although there is probably some upside in those rent.

The margins are slim and it is all a volume game.

Further, owners probably don't want to sell to someone who is only putting 3% down payment as they know the likelihood of closing is slim.

Learn the trade, and see if it suits you.Just soemthing to think about:Truth: I think we can agree that a professsional athlete makes lots of moneyReality: chances of any of us being a professional athlete is pretty slim...You never really want to put anybody “down” before they’ve tried it (not to mention I’ve never met you, regardless of whether I’m a good job of character or sales potential).