Wow, that is pretty bold of the applicants to do. 

Yeah, Account Closed, using my underwriting that puts you in the red by ~$70/month.

The market is red hot right now and will continue to be as rates are at all time lows, inventory is down and demand is high.

We accepted them against our better judgement, there were a few red flags including, low credit, criminal history from years ago, and having 4 animals where our original maximum was 2.

@Charlesa F. you can enter the address here for flood risk https://msc.fema.gov/portal/homeIf it is in the blue, or blue and red striped areas, that is something I'd almost always avoid, some of the other areas are a bit less risky but it is likely to still have an insurance impact. 

Personally, I'd recommend driving Charleston from the east side near Hollywood all the way to the west side and take the loop past Red Rock until it turns into Blue Diamond, then keep driving East on Blue Diamond.

This threw up a major red flag for me. 

Also welcome thoughts on the general area, future development, red flags. 

Purchase price: $135,000 Cash invested: $30,000 Sale price: $260,000 1939 bungalow 2BR/1BA on 1/3 acre with three apple trees, four plum trees, one cherry tree as well as red and white grapes, plus a 300 sf outbuilding.

Are there some 'red flags' that I need to pay closer attention to than a deal listed on the MLS?