Austin and the surrounding areas (Cedar Park, Round Rock, San Marcos) offer lots of opportunities for rental  properties, and offer great places to visit.

This is a red flag.

I'm also looking for a little rock lawyer. 

I'm not sure if these are actual red flags yet, she's only been there a month but I want to be prepared. thanks

I added insulation in attic 10-14 inches and use spray foam to seal small holes and rock wool insulation on all walls I open up as I renovate.  

If the tenant/buyer records it that could possibly raise a red flag to the lender.

I personally see some red flags there.

@Eleu Lee 4.6 cap,  negative COC, negative cash flow, .65 income to expense ratio, ....are you rolling the dice and putting everything on red for appreciation or am I missing something here?

And with the rent rate at $1,500, I would indeed be running RED so at the refinance portion of the deal... it is a BAD DEAL. 

As long as you can show there is enough profit for you to pay the loan back and/or provide them with a cut of the return you should be good to go.The flip budget is the biggest thing to tackle because if you are off more than a little it can quickly take you from the black to the red.