I do not believe I am at fault and the bathroom mold is a red herring.Looking for some advice here.

Here's the question: Is it a red flag if you find a city that has many multi-family listings that seem profitable, but has A LOT of listings city wide?

Here's why: Big red flag is that he wants a contract before he is willing to show a potential buyer the financials of the property.

When it is a primary residence you can have more red tape.

I'm looking around the $40-50k range (I know it's small, but it's what's going to work for me at the start).

Fly out there with a red and green highlighter.

In today's lesson we learn that cheap is not always cheap....But on serious note if everyone comes in say 15k and this guy comes in with half that and same scope of work....red flag.Let's be real, everyone only working to make money some how...

Are there some red flags which I need to ask or check for in evaluating the application?

On top of that they are relatively easy to sell, where something like a multi family has a smaller buyer pool.So back to the details..Purchasing my first condo with $30k cash, then another $10k, puts me at $40k total investment, I rent out for $800 a month, after all my costs I'm looking at $450 cash flow per month.

On top of that they are relatively easy to sell, where something like a multi family has a smaller buyer pool.So back to the details..Purchasing my first condo with $30k cash, then another $10k, puts me at $40k total investment, I rent out for $800 a month, after all my costs I'm looking at $450 cash flow per month.