That little slow down made some of the loans go into default before they were securitized which is a HUGE red flag. 

It was not even close to being a mistake for me.  At

Any red flags we should watch out for?  

I am focusing on roughly 12 unit properties in the Hixson, Soddy, Red Bank area or renovating something on the outskirts of downtown and creating something similar. 

Rent could be increased to 1000 but even there it doesn't seem like a good buy and hold to me. At

I'd say you're close and you need more research, estimating full bath and half bath at the same price gives my thoughts a red flag that you're too green, although it is mostly accurate (but still low imo) as it evens out, but applied individually, it's dangerous at best.

This is an area with no HOA so there wouldn't be any red tape from that end but I want to know if anyone has experienced pushback from Charlotte or Mecklenburg county.

Taxes in "red" states seem to be lower.

As others here have said, it fails the 1% rule and that raises a red flag for me.  

Chicago's market is very expensive (for me at least) and my girlfriend has very expensive taste as well so the cheapest place i have found was 800k for a 4-plex.