With respect to that, don't forget that, generally speaking, you pay by the amount of sq ft but rent by the amount of bedrooms.Given that the market has been red hot, the risk is that you (wildly) overpay if you buy the wrong property.

It would definitely raise red flags if you did this multiple times.

Most having little to no other activity in the forum (red flag).

This place in Shibuya looks pretty good, but they don't take reservations: http://en.southerntower.co.jp/dining/lounge-bar-so...We could also meet in the viewing lounge of my building in Ikebukuro, which is a great space and would be cheap (photos below):West Park Tower Ikebukuro 3-21-13 Nishi-Ikebukuro Toshima-ku TokyoI'm willing to go back to the original place as well.  

See any red flags, especially with today's interest rates.By the way....I'm in the fishing tackle and fishing guide world so this is a slam dunk from an operations standpoint.

So things that are a red flag for me may be fine for someone who's more aggressive.

I have a property outside of Austin, TX that is slightly in the red each month and looked into 1031 exchanging into a DST as well but ran into some debt replacement issues.

Potential opportunity - there is an attached utility closet that I believe could and/or used to serve this purpose as it has the red/ blue inlets built into the wall next to a hot water heater that is also in the closet.

There are lot of companies you can use to do them; Red Star, RentPrep, Cozy, etc.

Any gotchas or red flags I need to consider?