He informed me that the auction would happen in 10 days, so he needs to sell right away.ARV: 2.5M - 2.6M Repair estimate: 180kschool zone: 9/10 rating a very popular school zone for the area.he owes 700k in areers!

I'm SO GLAD I took the risk, walked through my FEARS & pushed out of my comfort zone!

Are there any immediate red flags that you avoid?

our 1800 SF circa 1964 concrete block not-in-a-flood-zone triplex in Clearwater used to be around $1800 annually, but is currently $2440. 

If I was doing this first thing i would do is talk to the county office that control sanitary and see what they will allow. this of course assumes your zoned correctly etc.. 

Are there any emerging opportunities or red flags?

I used Zillow to list my rental and accepted someone's application however after my few interactions with them on the phone some major red flags have come up and I wanted to know am I under any legal obligation to rent my property to this person. 

Read that book, and break out of your comfort zone of not investing out of state.

I’ve noticed a few areas of concern (or red flags) during my research that I’d like to verify after digging through forums.

In the world of development you have money at risk to complete these and other reports, legal, zoning, permitting, environmentals, etc before you go hard on your deposit with a seller.