I dont know where this is , but thats a red flag for me . 

Quote from @Todd Goedeke: @Carlos Ptriawan an additional question is why Bigger Pockets does not print more posts about how to analyze syndications and the red flags involved. 

Same thing with what I am building in Charleston SC another red hot market with extremely limited inventory and no SFR goes for rental purposes.. those with funds to buy are still buying . when i built in florida starter homes that was and is a disaster.. granted I did not lose money but it was No way worth the effort time and risk.. so its market dependent. 

Investigating Days on Market:When you see homes sitting on the market for 60+ days, it does raise a red flag, but it doesn’t necessarily mean rental demand is low.

"Be in the RED" not in the black.

Also 3 days of red leg Partridge driven hunts. 

Quote from @Corbyn R Tower: You are missing the most important piece: owning real estate.Stop learning from books and start learning by taking action.

I saw their rating go down and should have taken that as a red-flag.

There is so many "red-flags" here I am not sure where to start..... - you state it's an "executive" townhouse.

Quote from @George Red: Interesting, maybe a "payment holiday" on next year's taxes for the amount people have paid over what they would have otherwise been required to pay  with the errant assessments.