This is a red flag to me and tells me that one: they lack funds, and 2: if a financial problem occurs, they do not have the means to pay me my rent.This is simple a good policy and helps/not eliminates the problem of a poor tenant.

That's not believable to me and a BIG RED FLAG.

But just selling it immediately and for a 22% increase in price will raise red flags.

Live and learn.Also, think of it this way....if this person is smart enough to know that "EVERYBODY CHARGES WHATEVER THEY WANT TO CHARGE", then that sends up a red flag in my eyes....she is a professional tenant.

CPA has an eye for red flags.

Saying it was 22 years since they last one, such a long time blah blah.Don't forget, the Red Sox just won, the Patriots have been huge (although they cheated and choked)...But here in Chicago, we have the Cubs, 100 years of misery and counting...

Red flag #1, but I'm a trusting guy.

He can have a camera run down the line to see exactly where the problem is, and if there is a consistent buildup, or a root problem, he should run a cutter blade down the line all the way to the street or septic tank to open it properly.

Still only one closing.The fact that a "typical" buyer has reservations about only dealing with YOU (who may have impressed him as a "less than knowledgeable" rookie) raises a lot of red flags.

Oh yea and I forgot, in my state I don't have to pay state taxes as long as I can show my business is in the red, which as long as you buy at the right price you can refi and still have + cashflow.