Hello Everyone,My name is Fernando Reyes.  I am fairly new to BP and this is my first time posting in any threads.  From other discussions I've read, it appears that everyone is really here to help each other out so I...

It appears to cash flow well, but I've never done a deal this big before and I'm wondering if there is a good place on these forums in which I could post the terms we're looking at and ask community members their thoughts, as well as for advice and any red flags.

@Jake Johnston I think what @Jd Martin is eluding to is that with the construction (or maybe you are referring to a purchase/renovation loan) loan, the money for the repairs is held in an escrow account and you have to jump through a bunch a red tape just to get draws. 

Very misleading info.if the numbers work, rock out the rent-ready!

I had accepted the deposit but before lease signed there were a few red flags.

He says it will draw red flags or something. 

Would you still consider bidding or are these red flags of a scary money pit?  

Then you can collect passive interest on the way down and sell for a capital gain when interest rates bottom out again.If the market is head down for let's say five years, I would avoid dividend income from stocks, because the capital loss will probably put you in the red, unless you can hold til the top of the next cycle.If you find true passive income with low risk and little capital (assuming you have student loans like myself), please LET ME KNOW :)

Red flags from the beginning.

If you have a fantastic relationship with a contractor, it might be workable, but other than that, that's going to be a big red flag to 99% of more buyers.