@Samuel Eddingeri skimmed the posts you referenced and... i just don't see illegal immigration as a major contributor to housing unaffordability. 

I actually ended up working with a DFY arbitrage program that finds the right property, negotiates the least terms with the landlord, and even has an interior design department to set up your listing.

It alleged that the NAR and several major real estate brokerages artificially inflated commissions, with the requirement that sellers pay both the listing and buyer agents' commissions.

(If your project is primarily housing or incorporates housing specific funding sources, you will need to apply through the Department of Housing rather than through this program.)The funding sources that a project can receive include the Chicago Recovery Plan (CRP), Housing and Economic Development Bond (HED), Neighborhood Opportunity Fund (NOF), and Tax Increment Financing (TIF) which have all been combined into a single, streamlined grant program with unified rules and regulations.

Due to the bias against low down payment loans from sellers and sellers agents these buyers end up getting the worst of the houses.  75% of the multifamily market in Worcester was built between 1890 and 1920 and have major issues. 

Are there any major red flags that I need to consider with this strategy? 

If you are buying from a major oil company, their contracts are extremely complex.

Majority of my clients haven't had to fly out to take a look at the properties they purchased.

Saint Louis, MO is the closest major city.

In the majority of fraud or Ponzi Scheme cases the common theme seems to be that the money is mostly gone, and whatever is left runs out before a large portion of the victims are made whole.