I would suggest to speak with a broker or someone familiar with the process and have them review a full package and try to look for any possible red flags in advance. 

I would definitely have a red flag raised for future dealings with this tenant if they didn't own up to it. 

I am probably going to butcher this, but on the podcast, Brandon talks about building a tower and then halfway through the build you get sidetracked and start a new tower from scratch.

And when it comes to a company pressuring you not to do your due diligence, that should be an enormous red flag. 

Unfortunately, there are several barriers, including finding a seller willing to accept this loan, a lot of lender red tape, and then coordinating a qualified/licensed contractor to do all the work.

The fact that the property manager leased it without collecting a deposit is a huge red flag when they are only placing a tenant. 

The only part that is a red circle is the male's background check shows  criminal records in 2019.

Newer building has seen huge increases in insurance in the past years because of the collapse of the Champlain Towers and hurricanes, but that is over and there is more competition now in the market: I have already seen the cost of insurance going down -8% in the negotiation for 2025 in one building where I sit in the HOA. 

I’ll be out of state, which I know is a big red flag for many.Well below 1% minimum of Rent/Property ValueHoping to self-manage (Yes, another big red flag)Loss of capital gains exclusionMONTHLY SUMMARYRental Income $3,500Less ($3,440) Mortgage (2,900) HOA (390) Rent Ins (150)Less ($1,155) Property TaxTot Exp ($4,595)Rev: ( $1,095) !!

So, a common action is what I call "the Red-Headed-Step-Unit".