Some things I do to avoid bad situations: screen well, only have properties in good locations where people actually want to live (I find tenants behave better when they know they have a good thing going for them and that they are easily replaceable), set proper expectations, have a rock solid lease, go over it with new tenants to make sure everything is clear and agreed upon, and enforce the lease by issuing a formal notice to pay or quit every single time rent is late by even one day (and charge the late fee), or a formal notice to cure or quit every time there is a lease violation.

We were assigned 5 other properties (2 of the them we have paid the $600) and the other 3 are pending charges but today we started getting red flags.

My CPA has advised not making any moves until 2025 to avoid raising red flags ie cost seg, putting into service, and then selling all in the same year. 

The approval process for vouchers and red tape involved getting it set up is a real struggle. 

I wanted to post about how, "I enjoy long walks in trap houses" and how I enjoy "sipping red wine while I watch my rehab go over budget"hahaBut yes you should systemize your search.

Or is that a red flag?.

Are there any major red flags that I need to consider with this strategy? 

And have them draft you a rock solid contract that protects your future interests in situations like this in the future.

My wife's parents live in Castle Rock (1.5 hours away). 

There is a reason Black Rock has an entire division dedicated to just selling C4D.