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. 

Although every lender will definitely still run his credit, I cannot imagine two mortgages on his credit file not raising a red flag but he wants to try it anyway. 

Imagine buying the home of your dreams, you find it was used for a meth lab and the house is not habitable because it was contaminated and Red Tagged.

Its going to cost you less to get through the red tape if you go talk to the city and are open about your situation.

When I do this I will be updating my insurance coverage to ensure I increase my liability coverage.Will this cause a red flag or be an issue in any way with my lenders when they see the insurance is changed and therefore they I am now using my rental as a short term rental?

When I do this I will be updating my insurance coverage to ensure I increase my liability coverage.Will this cause a red flag or be an issue in any way with my lenders when they see the insurance is changed and therefore they I am now using my rental as a short term rental?

To do this, the property managers are in a much worse position than the property owners because if the property owners manage their own properties, make repairs and the books are in the red at the end of the year this is more-acceptable for the owners. 

There were a lot of red flags here - not getting a receipt for cash payments is a biggie. 

I need a renter but it seems like a red flag.