That's not believable to me and a BIG RED FLAG.

But just selling it immediately and for a 22% increase in price will raise red flags.

Live and learn.Also, think of it this way....if this person is smart enough to know that "EVERYBODY CHARGES WHATEVER THEY WANT TO CHARGE", then that sends up a red flag in my eyes....she is a professional tenant.

CPA has an eye for red flags.

Saying it was 22 years since they last one, such a long time blah blah.Don't forget, the Red Sox just won, the Patriots have been huge (although they cheated and choked)...But here in Chicago, we have the Cubs, 100 years of misery and counting...

Red flag #1, but I'm a trusting guy.

Still only one closing.The fact that a "typical" buyer has reservations about only dealing with YOU (who may have impressed him as a "less than knowledgeable" rookie) raises a lot of red flags.

Oh yea and I forgot, in my state I don't have to pay state taxes as long as I can show my business is in the red, which as long as you buy at the right price you can refi and still have + cashflow.

Copper or pex (red, white, or blue plastic) should be OK.

IMHO these guys prey on newbies who don't understand the rental property business.I've not looked at the powerpoint (a red flag in itself), but I'm guessing they have newly built or newly rehabbed houses.