Today those numbers would certainly be higher… so your funding is a big concern to me on the ‘flips” side.I sort of point you back toward the old adage that real estate is not a get rich quick scheme.  

And if I was the tenant it would raise concern. 

My main concern is whether a 9% interest rate is reasonable in the current market conditions given my credit score.

If all you’re concerned about it growth, DSCR loans would help you scale your portfolio without a DTI constraint (let me know if you want more info there).

I understand this concern, especially if margins are tight.

Is worth 3x what I paid for it back then as well as the rental income it generates.The zero cash flow part is concerning though.  

I'd be more concerned about them spending $10K each month (if they have $10K coming in and then a zero balance). 

If a bank is loaning on a personal property- car, motorcycle, rv, mobile home they keep the title until it is paid off. 

It was an mobile home built in 1999.

But the reality is most of those concerns are visible during the first showing.