I see red flags and my gut says the market will start tanking by this time next year.

Another thing is that I currently live in europe, and from what I've heard, there is alot red tape involved with real estate investing in Europe.Regards Your story sounds exciting.I don't know of any great real estate investors who have come out of Europe lately.

Pick a nice bright color for those, like teal or red.

If the city ever shows up (either called by a neighbor, or checking out another permit project on your property) you could get red-flagged and shut down.

@Rhet PorterWhat you mentioned about only 14% of buyers being local is a big red flag for me. 

Huge red flag.Comparison of Real Estate vs.

Typically Credit Unions are good sources of capital for Lines of credit but when it comes to refinancing there seems to be quite a bit of red tape.You want to work with a broker who essentially has the entire mortgage industry in the palm of their hand and can put you into the product best suited to meet your needs.

RED FLAG 🚩 

Sorry to hear this.I would always say that "There is nothing wrong with any property as long as the price is right".Granted, some are not salvageable and the deal doesn't make sense even if the seller paid to me to take it lolOver the past 10 years I have witnessed many investors trying to do the same thing as you.Purchase from afar without buying turnkey and trying to do it themselves.This has been popular especially the last few years.Not many succeed unfortunately or they don't succeed in my eyes as they are into deals for much more than what they should be.There is a big trend going on where folks are made to "feel involved" with the purchase, rehab and property management process.The properties look great and off-course they do as rehabs cost $40,000 - $50,000.It doesn't sound like a lot of money for folks from CA and NY but for our local standards it is and IMO kills the cashflow and is unnecessary overcapitalization.Each to their own I guess.Just had a call the other week with a fellow from CA that bought a few turd properties from a local scam artist and is flying to town to try and rehab them himself.Another fella I managed to save even tho he lost his deposit of $1,000 as the seller (Another known scam artist) made him commit to the deal without allowing an inspection or even a walkthrough...If that isn't a red flag then I don't know what is 🤷‍♂️Hat's off to you for flying into to town to see the property for yourself.Wishing you much success

Additionally, when I asked some probing questions the guy I was speaking with got defensive (red flag).