I’d love to know how deep of the discount you guys had before I sign up.Thanks in advance!

JC’s lenient approach is definitely a draw for investors looking to avoid the red tape that’s becoming more common in larger cities.

You'd need some deep pockets and the nerves to take on something in range of ~$65m in R.E. acquisitions.

what are some other major red flag questions you might ask?

(and be able to buy themselves a new Porsche with the proceeds)Just more Red Tape!

He was soooo deep in the red ON PAPER, and didn't know what to do.

Its good that you've already established some target markets, I'd recommend diving deep into 1 or 2 markets, then branching out. 

If the property breaks even, or operates in the red currently, it will only operate deeper in the negative (unless you find a strong ROI like creating more bedrooms, convert a non living space to living space, etc) with another loan. 

You can take a deep look at the deals and get an idea of the kind of variety you'll see and come up with your own due diligence method (that meets your unique situation).

 @Puneet Mahi as others have stated, I would do a deep dive on the markets inside each state to determine where you could have an advantage AND where your family would like to live.