Rental inventory in Lakewood is slim, so the demand it there, but market doesn't show any 2/1 units over $1900 currently.My agent believes the ARV will be $325k. 

However, I would guess that with only a $500 deposit, the chances that she will try to take you to court are slim to none. 

also opportunity is in houston and margins here in today’s market are very slim so it’s not metropolitan area like dc

In this market the house is under contract in days, so the chances of the above situation happening are slim.

The odds of a tenant getting rid of their dog are slim, especially since they were presumably given permission to have the dog when they started their tenancy.

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.