To me, the risk isn't worth the reward with such small margins, and he isn't paying listing broker fees either.

In addition, I received numerous letters from cook county assessor saying I owe for EHE (look it up).  

That's the most important piece.Besides that a few tricks I use during my first walkthrough of a property are to follow my nose -- if something smells funky, earthy, moldy, then there could be numerous expensive problems.

There are numerous charges that have not been approved as noted in the operating statement below.4.

The days may be long and tedious, but the reward oh so great.

There can be a lot of red tape, but they can be fun and rewarding projects. 

There have been numerous occasions in which I have purchased and resold in less than 90 days, because the property was a very LIGHT rehab, or need nearly no renovation whatsoever.

Trevor, I enjoy the work and i do think it becomes a risk vs. reward issue as opposed to a like/ dislike.

That's why they get the bigger profit(more risk, more reward).  

After receiving an offer, the buyers tequested to have numerous smaller issues taken care of after the inspection.