Financing either is a bad idea and will raise a red flag with a lender who will look at sources and uses of the loan request.

It's likely that while the market isn't red-hot, buyers are still willing to pay for the right property.Timing & Interest Rates: You mentioned that you dropped the price after the Fed cut rates, which could have spurred some interest.

What are some red flags to avoid? 

Although I've been investing in and improving multifamily properties since 2000, I decided to go back to school and get a Bachelor's Degree in Construction Management from BCIT (I already have my Red Seal in Carpentry).

Ask about any unforeseen challenges that have come up (there always are, so not all challenges are a red flag), and overall let them know you're an involved LP who likes to be kept up to date on things

With a warranty, there is red tape and delay in getting a repair made.With a vacation rental, your first priority is an immediate repair, to preserve guest satisfaction and the rental. 

They admitted it was after a drunk driving incident, which at the time was a major red flag but I let it slide. 

His estimate is 2-4 Months.The red flags from me are:1.

-If I move money from my homes equity into the business account, will that red flag? 

I would like to hear feedback/input from experts regarding any potential red flags.Could you share your insights on both short-term and long-term rental investments in Columbus?