I'm hoping he can help me spot some red flags.

There is more paperwork and red tape but it follows the same process every time so if you learn those things, you can be highly successful.And the added layer of leverage & accountability more than make up for it.I see landlords hating Section 8 for 2 main reasons - bad tenants (which you've mentioned, can be dramatically reduced through meticulous screening) and bureaucratic headaches (see my advice above).Good luck, I've written a few blogs here on BP about succeeding in the niche, in case they're helpful to you!

The housing market is red hot and will remain so as long as rates stay around 3%. 

That is immaterial - sounds like a red herring to me.Have you asked your CPA?

The housing market is red hot so much easier to start there but again market is a factor.

No interior pictures in the listing is usually a red flag3. 

If you’ve lived in LA long enough, you probably remember fondly the red streetcars, rumbling through the city.

You can look into a DSCR loan and let it season as there is less red tape and it is more so based on the property making money as opposed to you and your ability to pay the mortgage. 

Possibly a red flag by itself.

Any red flags here?