There is no doubt that government involvement can help in many cases, but investor returns can often be negatively impacted by programs like rent control and eviction restrictions and navigating the red tape that can be required by any development or improvement plan can be challenging at best.

Big bold letters in the contract, in person, and again at closing:"This transaction WILL affect your ability to obtain financing for future large purchases"With that, I would highly suggest not keeping it for a few years.

Be bold!

I emailed them a few times and then all of a sudden their emails bounced so that was a red flag.

I like the bold colors!

that's a nice recreational area there.. your on the Redding side of Alturas there are world renowned trout fishing streams and rivers there.. 

Any other red flags come to mind?

., one has to get through the dividend recapture owed before capital gains taxes kick in).For example, at the end of the spreadsheet, I've show all depreciation taken (since we take all depreciation whether or not the property is cash flow positive (SEE BLACK ARROW IN IMAGE).Then I've added the passive losses from negative After-Tax Cash Flows for each of 5 years (SEE RED ARROW IN IMAGE).Then I've got the tax left.

@Sayed Amin AzizI'm going to venture out and say that if you had to ask this question, you're probably not ready to purchase an apartment complex in Phoenix.Think about it... when you play Monopoly you buy the little green houses first, then the big red hotels.

I don't want to be a troll, but the words recession proof are a huge red flag, and a reminder of what I heard so many times around 2007.