Negative cash flow with high HOA fees is a red flag.

@Stuart Udis you say things like a “red flag” almost as if you don’t believe what I am saying or think that I am making things up.They are 2 different properties.

I believe that it will effect the rental market harder in blue states than red states due to the sanctuary city policies .

Turning your little green houses in to large red hotels.

If the property breaks even, or operates in the red currently, it will only operate deeper in the negative (unless you find a strong ROI like creating more bedrooms, convert a non living space to living space, etc) with another loan. 

I think 2-4 units may better suit me at the moment until I am a bit more experienced.

I work but without the weight of the world on me at this job, I also fish more, and spend more time sipping whiskey just watching the sun go behind the mountains....

This was a huge investment for me at the time.

I think Collin is being a little tongue in cheek with the Boone's Farm comment.I work with a local, large wine store, wait for their semi-annual sales when they compound discounts and buy 2 cases of each (white & red) for the largest discount.Basically I'm setting out wine that retails for $11-12-13 that I have paid $7-8 a bottle.  

In fact, on numerous occasions I've raised red flags concerning their representations, financial reporting and general investment decisions that were all verifiable through public information and should have given most investors pause before investing.