But the margin seems much to thin on this one.

I would say I am careful about what I break out because it opens me up for possible items that I didn't anticipate ( allot of costs are dependent on others in a contractors mind). there are allot of spread costs that when bidding, you are high on some and low on others but in the end you hope it will even out and end up with the profit margin you anticipate. as for the comment of saving  30k by managing yourself?

Hi Frantzces,The parts of NW DC where I'm seeing a lot of flips are primarily Petworth and Brightwood, and to an lesser extent, Shaw, Ledroit Park, Columbia Heights, and Bloomingdale.If your investor is interested in maximizing his profit margin, I would not limit myself to NW DC.  

How would you talk the landlord down on monthly payments so you can make a margin yourself?

What I plan to do is just call them and see what their expectations are and what they want/need to see how motivated they are and just go from there to see what kind of profit margins are there.

Sir you cost is too high, consider 10% just to sell the property, you margin is to small.

Personally, I think there's better deals elsewhere, not enough margin for the risk IMO.  

If it is uninhabitable, well you may need to give yourself a large margin for error.  

I recently read a book that talked about fortune building, and history has shown that emerging big players, along with more an d more competitors entering  a market, leads to  shrinking profit margins and impedes growth.

I just need to see more exciting numbers for those kind of marginal properties..