That's a big red flag that the value is not there.

Income / expenses are per property, and in a rental business you're going to have to show a gain within 4-5 years or you're going to throw up some red flags with the IRS.

(RED FLAG)

If it is just the normal rate, again not all shocking.With HOA your cost is %480.98 with your tax allocated on a monthly basis your cost is $537.65 ($56.67 in tax @ $680.00 per year)So based on your rental market rates of $650 plus you have some money you can make but right now you seem to be in the red.

This will be my largest building and I could really use any input not just on paperwork, but what are some deal killers/red flags for you.

If you run into a PM who is not willing to sign off on your request this should raise a red flag especially if your request are within good logic and reasoning.

Red, Black Baby!

I am interested in targeting vacant pre-foreclosures for fix & flips as well, but thought they might be so wrapped up on red tape, you'd never be able to get anywhere with them.

I personally don't like them on my car, but my daughter has a little red pick up and she drives across town every day.

It's just not enough cash to get going except for buying a guru course,wholesaling,investing in a small pool of funds etc.I am not trying to be insensitive but even though I love my profession I am not the Red Cross and want to make the most return of the use of my time as possible.