I’ve noticed a few areas of concern (or red flags) during my research that I’d like to verify after digging through forums.

I would suggest to speak with a broker or someone familiar with the process and have them review a full package and try to look for any possible red flags in advance. 

Blue, Green, Yellow, Orange, and Red are A, B, C, D, and F, respectively. 

I would definitely have a red flag raised for future dealings with this tenant if they didn't own up to it. 

And when it comes to a company pressuring you not to do your due diligence, that should be an enormous red flag. 

Unfortunately, there are several barriers, including finding a seller willing to accept this loan, a lot of lender red tape, and then coordinating a qualified/licensed contractor to do all the work.

The fact that the property manager leased it without collecting a deposit is a huge red flag when they are only placing a tenant. 

The only part that is a red circle is the male's background check shows  criminal records in 2019.

If you remove the structure beam it often is red tagged.

I’ll be out of state, which I know is a big red flag for many.Well below 1% minimum of Rent/Property ValueHoping to self-manage (Yes, another big red flag)Loss of capital gains exclusionMONTHLY SUMMARYRental Income $3,500Less ($3,440) Mortgage (2,900) HOA (390) Rent Ins (150)Less ($1,155) Property TaxTot Exp ($4,595)Rev: ( $1,095) !!