Most of my costs are incurred when I have turnover, if you have a tenant that has been there for 20 years, I would not rock the boat much.

.: Quote from @Dominic Rosato: I work in leasing/property management in NJ, and we encourage most of our landlords to require these two main criteria:1) Household annual income > 40x the monthly rent2) Credit score above 680In addition, we screen their credit report to verify there are no red flags (rental collections, high CC balances, etc.), as well as previous two months of bank statements / investment accounts, whichever they'd like to provide (can they pay rent if they lost their job?).

This with the electrical issues are definitely red flags but going off of what professionals here have said it’s not enough to turn away the deal.

Most attorneys will not take these cases unless there is extreme negligence and there is money to be made.It is a BIG red flag that they will not let someone in to inspect.

- am I missing a significant red flag about this property that I do not see?

But, as landlords, if we all do it, our tenant screening will show those red flags.

The involvement of onsite management, often seen as a potential red flag, can lead to the property failing crucial qualification tests.

What are write-offs that raise red flags? 

Most DSTs have a disposition fee on the back end that they only receive after they've returned original capital, giving them an incentive to do so.Work with a group that has experience with the sponsors and knows what potential red flags to look for in each offering so you might mitigate potential risks.

My current agent advised me not to "rock the boat" with the policies I currently have because they are all older and would "go up significantly" if I changed anything.