I can recommend them so far - coming up on a year of working with them and no red flags yet.Tom’s proforma was actually pretty solid but as always, do your own due diligence.

My network of friends that does this often all fall under the thought process of put the documents in place, but we all prefer to work things out with people when there's an issue and avoid court, so I've discussed many different weird stories with my friends but I can't quote a case.Sorry I still don't understand the rational for having a mortgage in addition to an option.I believe your scenario is a red herring because you're not lending money to repair a roof, you're paying money to purchase an option and if you're going out 10 years it sounds a lot like the MV Realty business plan using an option instead of a listing agreement.

Short answer is you cannot reject a tenant with a service dog in any state due to federal fair housing laws.When I hear the term "registered" service dog or "registered" emotional support animal (ESA), that is a red flag for me.

I take it the red is the address of the owner?

In this market I am hoping to close under asking but don't know for sure yet.My numbers:PP: 420k, 25% down (105k), 6.5% interest rate already pre-approvedPITI + HOA: $3100MTR managed by a 3rd party: 8% / $300 CapEx: 8% / $300 Vacancy: 5% / $175Rent range provided by trusted 3rd party: 3.5-3.8k At the lower range of income and higher range of expenses I will end up $300 in the red, unless I manage buy lower.

You'll be in the red.

@Daniel LoaneBased on how I red it those costs are borne by the seller

In my experience, it's usually a red flag when tenants start playing games with the prelim.

Hello investors,What are some of the red lights that you're looking for when interviewing property managers?

I have also read that high cap rates are red flags for high risk investments.