I do understand the warnings as stated above, but in my personal situation, if they stepped out of line about doing something wrong, or rent was pushing almost late, we told them the rules and how it will be right away and put a stop to it.

Fair warning: the excel is very much work in progress and by no means complete.

I would warn the tenant at this point that it will likely take 3-4 weeks for the port to be approved.  

The lender I'm working with has warned me there is a lot more moving parts with this so I want to do a little more reading on my end about these types of loans.

But, if audited, it will be very difficult to defend.The correct procedure is to get the contractor's SSN (have him complete Form W9 and verify against his SS card) and warn him that he will have to pay taxes on everything he was paid in 2018, including cash already paid to him.

You need to see clearly the warning signs, the roadblocks and the signs that will tell you to stop because the bridge is out.

Understand that your play is at the very top of the speculative scale and that you are at high risk of losing your investment.You've been warned and good luck!

WARNING: The search address must be exact. 

There are no ‘one size fits all’ warning signs.

When touring an investment property, what is one thing you look out for that if you see it you immediately WALK AWAY?