Their roots will cause you lots of plumbing problems, possibly driveway and side-walk issues and in the worst case, foundation issues.For me, I'm big on heading off these problems before they occur.

And whether year 10 or 15 or 5, one out, I rent out both units for market rates, staying above the red likely in double digit % returns.

However, if the property stays vacant for 30 days you will be in the red -$512.b. 

I still remain interested in fix and flipping, but my ultimate goal is more rooted in long-term buy and holds, likely via small multi family units.  

I'd be a little more worried about the 2.7x rent.  3-3.5x rent is the safer bet.  4 dependents on one salary is also a big red flag. 

Anything else is a major red flag imo.

@Rob Bianco I'd like to second @James Wise 's post, and add a couple other red flags to look for if you're going the turnkey route.

You can also find great deals on condos to start with.Several out of state investors I work with tend to use the crime map and steer clear of the yellow/orange/red zones, which can be tricky because almost all of Memphis is in the yellow.

What I was saying about her was that it was odd, lots of other things I couldn't put in the body of the text  that sent off a huge red flag.   

I started running him through the basic pre-screening questions and red flags flew up left and right but I am not completely writing him off.