As for margin on a flip, you’ll have to determine what you are comfortable with.

While doing a flip and making some $ isn’t the target it’s the same process as a BRRRR it’s just with a BRRRR you need 30% margin when it’s completed.

But we deploy a low volume HIGH margin strategy so finding the deal is where the money is! 

There are more exchange sites and listing platforms providing access to NPNs but getting direct to the source increases the profit margins for certain.  

Just as an example, my lease is legal size paper, front and back with 12pt font and narrow margins.

Also Walgreens where rent is below market by a hefty margin so if they ever leave there is big upside on the re-tenanting.People invest in Walgreens because currently an investment grade credit tenant.

OR....... you could get darn good at marketing for direct sellers becoming a marketing whiz until you land one with correct margins on it that afford the correct contingency planning etc., and what your going to find is when you do find that property, your options are to just wholesale it putting up 0 of the work, risk and time, for about the same profit if not more. 

Make sure your margins are large enough that rent will cover ALL expenses on the property, comfortably, no matter what the property value is.

Margins are set up with Non-QM lenders exactly the same way as they are for all other lenders and LO Comp rules must be followed to be in full compliance.Some lenders interpret the LO Comp Rule differently with regards to the type of comp, and will allow different margins to be charged on Lender paid vs borrower paid comp. 

The margins are narrow, but generally the property cash-flows positively (a major repair would obviously change this fact).Some Scenarios I've Considered (I know I'm missing plenty):Keep the current tenants.