CAVEAT If you have never bought a note, your odds of raising $ for a note fund are slim to none and slim left town.

The chances of them doing a short sale for someone who can afford the payments is between slim and none, and I'd take a wager it would be none.The better option is for the owner to sell the house to you on Seller Financing or Subject To.

As it becomes more popular and investors raise prices the margins slim with no way to make them up.

Below are the numbers I was playing with:Sales Price - $95kRehab - $25kTotal investment - $120kARV - $150Cash out Refi (80% of ARV) - $120kAs you can see my margin for error was slim to none.

... or is the cash flow from it that slim?

There are SO many scams originating out of Nigeria that your chance at having found something legitimate are extremely slim.  

Perhaps it's paying for damages or taking out their compressor.2nd It seems to me that you would have a slim chance of winning if you actually took this guy to court.

I have purchased over 20+ HUD homes in Houston, TX previously, and can say that in 2014 they have been overpriced and is slim pickings for Investors looking for deals.

Also, I know Austin is hot but pricing seems slim on the margins as well as competition.

This type of investment can make a lot of sense as a starter home.The out of area cash investors who pay a premium for slim returns are a puzzling story to me too.