That could be risky too but otherwise for 2-5 months out of the year I could be breaking even or in red. 

There's a meetup--red stick investors group--here in BR that is great for meeting other people in RE and learning.

My thoughts are on the difficulties of finding boots on the ground and out of state contractors among other key players when it comes to out of state REI.

All of the benefits of an investment specific underwrite with non of the red tape of conventional loan! 

What are some red flags or does and don'ts when looking for and purchasing owner financed properties?

Poor Property Condition: Dilapidated buildings or signs of neglect indicate potential costly repairs and maintenance down the line. Conduct a thorough inspection to assess the true condition of the property.High Vac...

Red flags to look for are brokers offering both QM and nonQM products, such as VA and FHA loans concurrent with hard money and DSCR.At the end of the day, it really boils down to if you trust the account executive/loan officer not to misrepresent the terms for the deal.

Watch out for adults renting for their kid's youth group and the actual renter is not even there, just unsupervised 17 year old football players and cheerleaders.One thing to consider in buying a house is emergency response. 

Maybe one of these: Bank of the West, Consolidated CCU, East West Bank (super easy, no doc), Red Canoe CU, Quroum FCU, Signature FCU, WAFD Bank, 

Get a few different professionals to take a look so you can compare advice and costs.Attic Fire Aftermath:- Visible Damage: Seeing the aftermath of a fire in the attic is a red flag.