I've seen numerous posts here that it's slim to nil a lender will directly deal with a private investor with no history.

The margins are definitely slim in that price point.

With a town of only 3,000 people the odds of you getting a tenant are very slim.

Although this deal is relatively slim CoC return now, it has a lot of potential; and I believe it would cashflow on day 1 with existing tenant and the fact that it won't require CapEx for likely several years (previous owner flipped the unit in 2018).

It'd be worse from a dollar amount standpoint, but better from an ROI standpoint, which seems like the bigger picture to me.A total project cost of $101k and an ARV of $110k seems like a slim margin of safety, unless you're planning on holding for 3-4 years. 

@Steven Navarro  based on 9 other 3 bedroom units within 1 mile - they are getting on average $1400 - $1500 / month per unit - you may be able to go up a little for a brand new build - but the chances of $2400 per unit are slim to none - you can rent out a mini mansion in Clovis for less than that.

Especially as I am new to this and getting caught with slim or zero margins on something is a nightmare to me.

So the odds of what you want to happen are almost slim to none.Good luck.

The likelihood of him moving out at this point seems to be slim to none.  

The chances of redeeming a nice property are slim but the principle + interest payout is lucrative depending on the county.