She really likes the place but this seems like a pretty big red flag for resale.

I grew up in Red bank, NJ so i'm familiar with jersey just not the NYC border areas. i'm moving to Hudson country with the proximity of my job and my wife's school in Newark!

They would red tag you & probably double  (maybe triple) your fees.  

Obviously, one red flag, but if everything else checks out, it seems like it might be ok.

If I go to Google Maps and look at the street view, I see a handwritten sign on the house in large red letters that appears to be some kind of warning.

Again, you're in control because rent to own is in short supply and you dictate the price and terms.When I told my real estate team back in November 2014 that this strategy (Buy at 80% and then rent to own at 110%) is the ideal strategy for the upcoming year, I didn't realize that the bigger players are already doing it.

Just make sure you hire an experience coordinator that makes sure you follow all the red tape!

My first thought was to get a loan on the property to extract the equity and the income from one of the two units would more than cover cost of Mortgage, taxes, insurance etc.The problems I'm running into is, A: The property is worth substantially more than I paid for it 9 months ago as I bought it as an uninhabitable bank owned foreclosure, which seems to throw up TONS of red flags with Mortgage Brokers / underwriters I'm told.B: I current have it listed for sale, even if I pull it from listing, the mortgage brokers want to again red flag itC: As my experience is Fix and Flip I don't have experience as a property Manager per se and the lenders I have spoken to all want you to have 2 years history. 

Honestly, I have tried this once and did not do well but I have a lot of competition in my city.Just try to get into local meetups about real estate, and there you will learn who the major players are and you can talk to them.

This sent up a red flag so we went to Wells Fargo and used a deposit only card to 1) check the balances in all our accounts and then 2) make a withdrawal from the bank account.