That domino was Greece.  

Is the neighbour going to pay for the alterations to your building necessary to enable your building to continue to operate (i.e. meet daylighting and egress requirements) and her/his building to exist on the lot-line?

Look for vacant homes, talk to the neighbours.

Since the comparable sales in the neighbour hood are going for 180-190k, I am thinking of offering for 120k, I could definitely try to sell it for 180k. which means I can probably flip it and make around 25 to 30k in profit, which would also be equity if I keep the house.  

When I responded and told him it keeps the neighbours 14yr-old from taking over telephony exchanges {a gross generalization} that was all he, and most of the room, needed/wanted to hear.As you point out, these folks are experts in their own right ... and a presentation on a real-estate property should be more readily accessible.

The bank owned or short sale in same neighbour hood is going for $25k.

Why wouldn't you charge the same amount to the tenant as you do for the neighbour? 

The unit has free parking for two vehicles, and if renters work at the neighbouring hospital that is a great deal because they charge $70+ a month for employees to park.

@Todd PlambeckYou may have picked a poor analogy ... my neighbour has chickens, so I just go next door when I need fresh eggs ;) I understand your explanation, my curiosity and amazement arises from the observation that wholesaling seems to survive due to market inefficiency. ... and where does the "bird dogger" end and the "wholesaler" begin?

Recently I have received several inquiries from investors in Greece, and several other Countries in Europe, who are seeking private or hard money loans.