@Yvette Valencia I think if you don't want to go there and collect rent that mit be a red flag.the 200 in cash flow mit turn in to 0 if there is alot of repairs.

My calculations show that even if you paid rent, yourself, this property will always be in the red with the exception of appreciation, but inflation eats up slow appreciation.I may have to create 2 posts to show my breakdown.

The future belongs to the bold .

While not an expert in this also need to be careful doing a BRRR as you cannot do any work and fix and  flipping property in a retirement account according to what u have been advised brings up red flags and is frowned upon By advisors. 

If the first thing they tell you is that one of their listings would work best for you, that is a red flag, as this usually means that their primary goal is getting both sides of the commission at the detriment of (at least one of) their clients.

Saying this is 2007 again is a bold statement based off of active rent listings alone.

Yes and No Yes they can recommend good areas and No they have to be careful not to red line clients or steer clients to areas.

I’ve never run into this before, Is this a red flag?

I'm in the Red Bank area if you ever want to sync up for a coffee!

If the borrower does still have title to the property, it is big, bold neon sign to you convince the lender to write-off the balance of the mortgage which would allow you to offer the borrower/owner land-value for the property.The other thing to verify is the state of the property tax account.