I wasn't sure if asking my FHA lender about switching it to commercial will raise red flags.

Ah, the beauty of real estate: no matter the horrors a house has seen - satanic rituals, questionable paint choices, 1970's wallpaper - everything cleans up.Bloodstains?

Don't see any major red flags here, so long as you are comfortable in the low income space.

Gaps in rent payments or undisclosed tenant issues should have been red flags.It’s good to see the OP trying to help their client navigate this, as acting promptly is critical for any chance of recovery.

Anyone can use DSCR that is the beauty!

I specialize in building and flipping properties, focusing on transforming houses into beautiful, functional spaces that create value for buyers and investors alike.With several years of experience in real estate, I’ve developed a strong foundation in market analysis, design, and project management.

One of the biggest red flags I have as a lender (who lends my own money as well as secondary market loan) is when a rookie tells me there goal is to buy 10, 20, whatever properties in the next year. my next question is how many do you own currently?

Quote from @George Red: Hey @Steve Johnson, I found your website but it does not explicitly mention HVAC and I actually was about to ask on the forum if anyone had a recommendation for a furnace repair job... not a big job, one unit in a duplex not working properly.

Thank you in advancehttps://www.zillow.com/homedetails/1541-Lower-English-Creek-...This is an easy one to figure outFirst, let me say the property and improvements look beautiful - you did a great job.Cap rates are determined as PASSIVE investments - so AFTER property management fees.  

People probably do this all the time, but skirting the law and subject to red tag if the city finds out.