I can up this to $400K max and I saw a few properties in Red fin.

What's even worse is I'm told that I'm likely to get audited by the Japan tax authorities because I've listed a previously cash producing asset as suddenly having a gross income of $0 for the entirety of 2017, which is seen as a major red flag.Does anyone have any recommendations for what actions I can and should take given my situation? 

Especially for a new investor, the hassles, red tape, Section 8 nonsense, and high tenant turnover is just not worth it.

I see red flags allover this “deal.”

I've got access to good title search tools and data due to my business associations in commercial real estate appraisal, so it sounds like I just need to put in a little more legwork and familiarize myself more intimately with building codes and structural red flags and bid more aggressively on these properties.Thanks again, invaluable input from all! 

Currently it's rented out for the next 2 months (red flag?).

What are some red flags to look out for during a showing before submitting an offer and doing an inspection?

Is this a red flag or should I just expect this in a C class neighborhood.

Lots of subcontractors and red tape to deal with.

Lots of red flags including rent rolls etc. but I'm still working on it.