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And no encroachment from either west or east.. so no through traffic etc.

Buying properties as singles in my area i have found much better deals than this although these are up and flowing and require no initial investment. 

No, what I do have is a list of condo buyers likely to purchase again (not exactly qualified) based on their condo purchase/sale history. 

The biggest challenge was getting past the initial fear that comes with a flip.

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

Problem is there will be few or no such sales.How much down payment are you planning? 

No service call or labor charges.

I associate it with 1,000 sf houses on blocks with no garages and an illegal trailer dropped in the backyard.

#1) You have no idea how much the listing agent will make.