Do you find a lot of red tape investing to rent with condo's?

The interest rates are higher, but there's also a ton less red tape and no personal documentation.

@Vladimir, Kuvshinov  Haven't heard of them but the obvious red flag is them requesting any money up front.Checking out their website just now, a few grammar errors stick right out:"Businesses loans of Two Million""No loan is to big" (should be "too big")

Hi @Mike Loughry,In my opinion, any lack of communication, much less regarding this specific topic, is a big red flag with property managers.

“Even if you’ve got some room on your credit card you can use that to qualify”.... red flag with blinking red light with alarms and fireworks in the background.

I've had qualified.. tenants tell me they cannot rent month to month because they have children and they cannot risk any type of notice to leave within 30 days because the kids are in school also some people think it's a red flag when you go month to month because you're ready to sell the property I think it depends what market you're renting into, higher end markets are generally yearly mid - lower markets are both I would advertise the props as both and then qualify them as per there references you cannot qualify a 750 applicant the same as a 500 applicant.However read up on the California laws just to make sure.

I usually go with the 3 strike rule; 3 different red flags and I'm out.Unless this is a home-run type deal, I'd go back to scouting out a new player, er deal.

Depending on the state and how the realty transfer taxes work, the consideration issue might be a red herring.

Keep the questions simple and basic: income, reason for moving, animals, credit/background check red flags, etc.

Business friendly states can make a large difference in cutting through the red tape.Also if your concept is retail inline in a strip center versus a stand alone can affect timelines and availability of premium expansion option locations.