As a result, home-buying affordability has fallen to its lowest level since 1985.However, Austin’s red-hot economic engine continues to generate strong employment numbers, making the Austin metro the best job market in Texas and #7 in the US (tied with Nashville), according to WSJ’s recent study:What if I’m a buyer?

If the lender says that the buyer needs $8k to close, that's a huge red flag; if the budget is this tied, the deal can fall through, with other small things coming up in the future in this transaction.

However, the presence of personal items like clothes, a suitcase, and a pot on the stove inside the RV raised red flags.

Any large deposits into that account will be a red flag.

That said, it's definitely a red flag.

I say, that is a great deal for a second.Now, in this real example, the purchase price of $415k and rehab of $16k (that seems terribly low, so red flag for me on this portion), places this at an all-in deal (acquisition plus rehab) of 75%.

Does anyone here have a STR in red river gorge?

There are lots of red flags here. 

So it started raising questions.It sounds too good to be true and red flags everywhere! 

The market where I am is also red hot.