You can easily end up going into the red, and that's not something you want to do on your first taste of real estate.My first rental deal was a typical 25% down conventional bank loan.

I think it simply flashes a red sign over your name that blinks over and over again, "AMATEUR!" 

Also looking at Veterans United but when the second thing that pops up with Google is "Veterans United scam" it also raises red flags.

Also looking at Veterans United but when the second thing that pops up with Google is "Veterans United scam" it also raises red flags.

I am in Red Deer, but I believe Lethbridge has much more stable economy and has comparable properties that would work with the BRRRR strategy.

FHA is great to get started but if you can avoid the "red tape" of it all...do so.

@Anthony Dooley I certainly have a big red X on anything inside the City of Jackson.

I went over a dark red with a light teal in a single coat using a higher quality paint. 

If you have any questions about the deal or any tips or red flags please let me know!

The home is in front of a retention pond so we get occasional small red roaches/beetles from that.