If you can provide all of the property expenses, I can help you analyze the property.One red flag to me is the numbers on the cafe.

Red: it is important to get down to the bottom of this because utility costs can be killers, especially in Packer country and points north. 

Right now my underwriting puts you in the red. 

@Chloe Montaron Always request an inspection and really look at the home, some times we get wrapped up in the moment and miss red flags. 

FHA has more inspections, paper work and red tape

That got me thinking that with my experience, training, and hard work ethic that I should start a handyman business as a way to bring in some additional money to save for investing; as well as a way to connect with other landlords.I am looking for other investors opinions as some of the best ways to connect with other investors in my area that may be looking for a reliable handyman (Redding, CA.)Any advice would be greatly appreciated.

-----As an update on my previous response to Lizzie where I mentioned a Lakewood property I saw, that property as well as 3 similar ones I saw have all gone under pending sale within a week of being listed - looks like the market is red-hot right now as you mentioned!

If it's anything serious then you're red for that month(s).One missed apartment turn = negative cash flow for a few monthsOne bad tenant is a full year or more of negative cash flow.Everything can go great for 1-2 years, but you can have ALL of that cash flow sucked up with one bad occurrence. 

That's a red flag if they can't pay the app fee! 

If you have  a spouse and/or children, my approach would change.Assuming you haven't "settle down" yet, if I were in your position, I'd hunt for a 4-plex multifamily home where you could live in the worst of the 4 units and rent out the other three.In my market of Omaha, Nebraska, I can find four unit properties that would not only cover all my cost of living, but cash flow with me living in one of the units.Obviously, it's a bold strategy to go from not being a landlord to managing three separate tenants, and if you live in the place, I imagine you'll want to manage it, but if you are the type of person to study, risk, and follow through, you will drastically improve your situation by doing this.It would be my path because I could get so much more real estate on a primary than an investment property.