I'm 24 years old, married with 2 wonderful little girls and am currently working in the maintenance department of some condos atop Red Mountain.

We have seen agents do leases with no late fees, no early termination penalties, no guidelines on showings - essentially giving the tenant a red carpet to walk all over the Landlord.  

Do you now operate in the Monmouth county area or have you connected with other PMs around the red bank / Asbury park area you think highly of?  

While I'll still consider the house, this is a major red flag.I would have never checked this out without the advice of the investor!

Some highlights I’m looking for in a lender:-Will finance SFR (1-4) unit properties and small multifamily-No maximum on the amount of properties I can own-10% down for 3 and 4 families, and maybe 5% down for SFH and duplexes-No PMI- No red tape-Low closing costs ($9.8k for our $430k)-Competitive Interest Rates (3.25% - 3.49% on a 30 year)-They will consider stated income, and/or rental income as incomeBest,Willy

You're young; too much red tape for too little benefit IMO.

Overall, I've had pretty good tenants.The one nightmare I had was me ignoring the red flags. 

Also when you run the background check and there are addresses listed that don't match the application dates, that is a huge red flag.  

While a summary probate may be possible that cuts through some of the red tape delays, it will still be necessary to hire an attorney to file whatever (basic or formal) probate documents in order that your (estate) seller gas sufficient powers and authority to pass marketable title to you.

Someone wanting to sell you an LLC is a huge red flag.