The investor seems genuine and I could not find any major red flags about him online.

I didn't mention numbers on purpose, because at the moment I'm mainly seeking your opinions about my strategy and general approach to this kind of project, meaning whether I'm living in la-la-land or am rooted in reality.

We advise landlords to require two main criteria:1) Household income should be at least 40x the monthly rent.2) Applicants must have a credit score of 680 or higher.It's also important to review credit reports for red flags like rental collections or high credit card balances.

And even if so, I'd imagine there would be LOTS of restrictions and red tape as to what you'd be allowed to build and its appearance - No?

@Logan M.Depending on your scale of units and issues I would say buy a drain auger 1st if you don’t have one and that seems to fix a mass majority of our issues roots, grease, dipers, ect Now you or a tech would need to learn to use the Machine, they can be dangerous but for us maybe about 2-5 % warrant needing a cam for deeper investigation.

We've been looking primarily in the Red River Gorge (KY) area and also in the Hocking Hills (OH) area.

I assume that since it is new construction, over time the ground settles and could probably be the root cause of this. 

LA cash flow is certainly deep red. 

It will also not raise any red flags to the underwriters that you might end up doing a bunch of work to the subject property which can be seen as added risk for them. 3.

Quote from @Luke Carl: You get what you pay for here  Meaning too low cost would be a red flag?