Working with contractors can be extremely difficult as projects get delayed and there is poor communication(red flags were not present before project began).

Lexington is good if it's over 275K they go much easier on you but I personally do the surrounding areas such as the Red River Gorge which has over 600million visitors a year and no issues with STR

Watch out for fine print that requires an additional fee at closing - this is a huge red flag and how most flat fee companies make money.

Having "real estate investing" or "real estate" anything, in your LLC name will surely raise red flags for banks, especially as you move beyond net 30 accounts to larger credit lines.

The fact that you can't get ahold of a landlord is a red flag.

Big red flag.

Melissa DSCR loans are business purpose loans therefore there is much less documentation and red tape to deal with vs conventional financing.

In my experience in foreign countries, there is often less consumer protections/ no central MLS or licensing/ greater risk to the principals, much more red tape, and overall higher transactions costs than here so it's important to look at the whole picture not just the commish %.

Add in property manager, repairs/maintenance, CapEx, vacancy etc and you will be deep in the red.

I just find that they aren't worth it because of all the edits you have to make on the spreadsheet to get the same result, and one of the softwares refused to allow Journal Entries which seemed like a huge red flag to me.