As always just my opinion and not written by Ai That is the beauty of real estate.

I believe most would agree this is a more complexed transaction than the transactions you are counseling your clients on for $15,000.00.At the end of the day, everyone has a right to their own opinion and the beauty of a free market economy is that everyone can set their own price for their services.  

Inspection (they attended) came back overall very positive with two possible red flags. 

Look at the high end rentals in the area are they near desirable amenities, do they have beautiful yards or amazing views.

.: 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 odds of hitting red are 47.4%.