This is a red flag.

Not to mention even though Prices are more reasonable Upstate, NY state in general has Tenant friendly Laws as a beginner I rather learn and make mistakes in a State that laws are more Landlord Friendly, Property Taxes are high in general in NY State and snow is worst Upstate some of the factors why I headed South...After deciding to invest out of State the next big question was which market, I picked 3 did what many do here in BP and probably overanalyzed the markets then visited all 3  markets and made a decision where to plant my roots.

I am licensed and Real Estate has been my full-time career for the past two years, my partner recently left her nursing job and is helping me scale the business now that we are planting roots here. 

I'm not sure if these are actual red flags yet, she's only been there a month but I want to be prepared. thanks

If the tenant/buyer records it that could possibly raise a red flag to the lender.

I personally see some red flags there.

@Eleu Lee 4.6 cap,  negative COC, negative cash flow, .65 income to expense ratio, ....are you rolling the dice and putting everything on red for appreciation or am I missing something here?

I currently live in northern California and I'm very ready to get out and put down roots elsewhere.

Also very interested in networking with anyone (attorneys, CPAs, agents, brokers, property managers, investors) to begin laying down some professional roots in the RE space :)

And with the rent rate at $1,500, I would indeed be running RED so at the refinance portion of the deal... it is a BAD DEAL.