If you're up for a drive, 321 Cabinets in Melbourne, FL has great solid plywood cabinets.

I believe there are license allotments in many towns near and around Denver so you want to make sure there is a license available for the basement unit before you factor this into your cashflow plan.

This is driving up prices for everything.

Landlord laws was the main factor why I chose to invest out of state and have been happy with my decision to do so. 

The lock off doors at Banyan probably play a big factor in the pricing of those units as they offer the ability to rent the units separately. 

Excellent insight showing just how ridiculous this “don’t need capital, just drive for dollars” nonsense is. 

With such low rental yields, the return on investment (ROI) and cash-on-cash (CoC) return are negative when factoring in mortgage payments only, not including any other factors.In this market, it seems almost impossible to make a profit using traditional rental property investing strategies.

I definitely don't make any money off the place, but the airbnb rentals pay for maintenance and my gas driving to and from WA :-) Question: Have any of you missed some either obvious or not so obvious red flags that would have caused you to negotiate or walk away from the deal and if so what were they?

I also don't mind driving to Jersey if it makes sense 

If your property is up to par you won't really have many maintenance calls except minor stuff such as plumbing clogs which is more likely to happen and requests to turn the AC up or down which you can do on your phone but other than that pretty hands off.Vacancy depends on location and your Padsplit property score the more comfortable you make your property (mini fridges, tv's, outdoor area) the lower your vacancy rate but you can expect about 10% vacancy factor in a Padsplit friendly area (centrally located, easy access to public transportation).