If not then it isn’t necessarily a major red flag but should definitely give you pause going forward.#7 – Ask around on LinkedIn.

i'm interested in purchasing something like this.Most of the time the city will red tag the house after a fire, even if it’s mostly just smoke damage, because it’s unsafe to live in, that’s obviously not a tear down.

I, like you, didn't want to deal with the red tape around a 203k loan.

There will not be a lawyer involved so it wont go through any "red tape".

From the rental side, I see a few red flags.

I would be very cautious about the no comps issue; this was discussed on a recent podcast as a red flag because it suggests either this particular type of housing is not in demand in your area or could cause issues with appraisals.  

Many of these areas were foreclosed on.Should this be a red flag for the area? 

Who knew that 2 of RED BULL Extreme Sports men have homes here. 

Huge red flags.  

I was able to land a 4plex using seller financing here in red-hot Las Vegas, NV.My mailer was hand written and was very simple:"Hey Steven,My name is Spencer Cornelia and I am interested in buying your property at 123 Candy Lane.