We get a lot of out of state investors looking at this market with out of state eyes and sometimes they are blinded to the risks associated with certain areas and just focus on the dirt cheap prices.

Please help - need more eyes on this.

What are some red flags I need to keep an eye out for while I'm educating myself?

Water is something you have to keep a close eye on throughout the year.

You have said they always catch up so I would give them a little room to move. 

It's a catch 22 - I can't improve my score because of debt and I can't pay the debt because all of my money is locked in this property!  

Awesome, that can be incorporated, and the appraisal report is turned in, at $600k, 11 days after they first reached out to the Realtors on the $475k transaction, but that happens to be 3 days late.

I started listening to the first episode and I plan on fully catching up on this too.

I'm not looking to evade paying my taxes, just looking for strategies to optimize my spending and profit within the eyes of the IRS.

We have an eye on the Minneapolis, MN area because we grew up there and are familiar with it.