The applicant is making $100K but only has a credit score of 600.You do not seem to make a big deal of it but the 600 credit score would big red flag to me.

I purchased Youtube Red just so I could download them and listen on my long drives around the state. 

You'd be giving up CONSIDERABLE cash flow and, honestly, with multiple housing authorities in Bham, the red tape, delays, inspections, etc. just wouldn't be worth it even if they would pay market rents.

could you recommend:1)homeowners insurance company2) title and escrow companies in CA 3) Contractors/handymen in Redding, CA4) Contractors/handymen in Daytona Beach, FL5) digital marketing specialist thx in advance

Other than checking out that the girlfriend doesn’t have any red flags on her report, what is your real concern?

If all the usual factors are against me (high utility bills, bad interest rates, vacancy, etc) then I will make 2K…if the stars align than I might hit 12K in a year.In a completely fabricated example, the below screenshot indicates that I have a 33% chance of having a negative cashflow on an annual basis (small red text at the $0 mark).Models like these are pretty simple to construct.Simulation InstructionsTo get started:1.Install the excel add inI like ModelRisk, it is free but there is also @Risk by Palisade.

Accept their notice and start marketing the unit and prepare for quick repairs and fast turnover.....let them go.You didn't screen them or accept them....no deposit (red flag)....below market rent (probably no increases in the 3 years)....and they are giving you their first test to see if you flinch....don't flinch.Yes its a business to make $$, but you also cant run a business out of fear....... the short term "pain" of vacancy can result in a long term benefit .

I was able to get cheap labor by price shopping / negotiation and doing some work myself but I was still around 2,000 in the red on that one .

That's way too much information, red flags are going off everywhere for me.  

The following week when I finally found someone to find a buyer for the first deal, Brian did not want them to see the contracts he used (which was a big red flag for them, they’ve been in the business for awhile and that was a first), so he insisted on sending them snippets of it.