I find it tends to go by price per square foot.

Hi BP, Im analyzing a rental property using the rental property calculator, The ROI 17% and cashflow came out $250 for a property asking price of 69,000. everything looks fantastic, but I see the property was sold in Dec 2019 for $38,000 and it was sold again in March 2020 for $20,000 ( checked on zillow,  source: public record)Are these red flags ?

Yeah, I have unfortunately tested every website platform so far (WIX, Square Space, WordPress)...

Would this signal any red flags to a bank?  

The red flag in what you said was “existing tenants.”

But they both seemed totally legit, had high credit scores (upper 700’s), and there were no other red flags at all. 

I can tell you that 21223 is a very cheap and dangerous zip code except for two areas: Union Square and Hollins Market.

It appears that it would be easier to move to your next project, and eliminate the red tape and hoops from regular banks, and eliminate the hard money guys.Has anyone used this strategy, and do you recommend any unsecured sources?   

Do you know what blemishes to overlook and which are red flags?

I am curious if there are other developers that have other methods or historical price points for % of gross sales new construction MF units will run.Also we are building tiny units so this would account for more units vs traditional building size and square footage.