They know the market, less red tape, and get deals done faster....and typically better rates too.

I am not hearing about any red flags with this property that are making it a poor investment, so why change it up? 

The low down payment is either a score or a huge red flag.  

@Victor Clarke, Yes, Red Flag (from very first sentence).

@Dion DePaoli, there was an affidavit of "lost note" in the due diligence package and that was a RED flag to me as i dont have that information.

You'll see names in red with late taxes.  

See if the red hot market cools off a bit in the next year and then decide whether I should buy more.

I have been lead to believe that buying and holding real estate is a great idea. Do you think acquiring multifamily properties 1-4 units and renting them out collecting rent payments from the excess rent minus mortgag...

McLennan CAD Property ID:xxxLegal Description (partial):xxx Block 3 Lot 4B 5 Acres 0.2083 ADDRESS: 2222 xxxx Ave.Waco, Texas 76706-2906DWELLING: The house and outbuilding(s) located at the above addressSELLER:Maria S xxxBUYER:Waco House BUYER, LLCTERMS:$xxx CashTerms and ConditionsSELLER warrants there are no outstanding “fix-it” letters or letters of demand for repairs, code violations, hazardous conditions or red tags from the city, county, or any other government agency.Offer is contingent upon BUYER being able to obtain a standard fire insurance policy.BUYER agrees to waive standard lead-based paint and asbestos tests required for older properties—years built from 1938 to 1952.SELLER warrants DWELLING is “hooked up” and serviced by city/county water and sewer providers.BUYER has observed marginal condition of roof on the DWELLING.

After contacting several lenders on the site about their advertised 100% JV funding I got some call backs however Red flags started to appear as upfront fees and lack of referrals.Can anyone refer me to a trusted source to get a deal done residential rehab of two chicsgo sfh aquisition/rehab amount 1.2 million arv 2.5?