Actually this is a killer front house (craftsman) with triplex in back.

Here are a few red flags I look for -High occupancy assumptionsLow exit cap rateShort term or variable interest debtOverly selective compsNo or little experience in the market (not a deal killer but must have plan)New strategy for the sponsor (is it a total reposition/re-tenant and they have only done light value add)Low payroll assumption No PM feeIf they require you to guarantee debt (it's ok to be asked but you should be compensated)No expense growthCompare year 1 GPR with the T-12 GPRIf sponsor refuses to give you T-12 or rent rollExpense / Income ratio under 40%If the deal relies on an early refinance Hope this helps!

It's been a rough market for the past few years - but over the past few months, things have really been picking up.West Michigan is also a pretty well diversified economy, so even when the economy is down, it never gets THAT bad around here (it's a different world than Detroit, as you probably know).Even though prices took a serious tumble since 2008, you can still make some great rent revenue - which is a great combination when you're looking for properties with killer cash flow.

And then  you do this.You get a website and you do SEO, and you work on credibility.Imagine this..Imagine someone someone wants to sell their house and goes to google (everyone does that well, cept the ol ol grannies maybe), and they will ask Google for help.Now what IF Google displays this:This one company is ALL over the SERPs with killer reviews, and hey a news article from a reputable news source is even writing about them.

Call all of your local banks,try an find a private lender that's willing to work with you if the property is a killer deal.

No central A/C especially if other houses have it is a killer.

In 10 years it would probably be nothing, but this house purchase would have been from the killer himself. 

She is a older woman an actually bought a mold killer spray from Home Depot and did it herself for about $15.00.

They are known to be deal killers.

Podcast episodes 560 + 562 make a killer inspirational combo.