The part that is discouraging to me (at least as pertains to BP) is that we've had some big hitters drop off our boards the last few years and I wonder how much of it is just exasperation with some of these people.

It has appreciated almost 2.5X of the original purchase price, however the cash flow is typically $25 in the red every month sometimes more with maintenance issues. 

I looked at a couple of deals of his a few years ago but they seemed like bad deals, red flags, so I passed. 

Of course that not everything to it, but its the meat and potatoes of the plan. let's see the numbers 

This post found me at the perfect time, and really hit home - thanks everyone!

And I think this is where the Midwest starts to stand out from red-haired step child of past decades to looking pretty good now.

I haven't researched it much but I tend to see a fair amount of listings for this type of home and am just interested if there are any regulations, rules, red flags I should know about if I decide to pursue this niche.

This is a huge red flag to me, expecially as it appears the seller is also the property manager.

Yes this is a BIG RED FLAG!

He had a HUGE red flag warning and just kept motoring on and now is acting shocked the tenant continued to screw him over