They admitted it was after a drunk driving incident, which at the time was a major red flag but I let it slide. 

I just bought my dream home, have a beautiful wife, and go out drinking 5 out of 7 days.

Purchase price: $220,000 Cash invested: $75,000 Sale price: $300,000 Beautiful 4Br 3 bath 2200sft Single family residence uplifted to its glory, and contemporary design and style.

With a warranty, there is red tape and delay in getting a repair made.With a vacation rental, your first priority is an immediate repair, to preserve guest satisfaction and the rental. 

-If I move money from my homes equity into the business account, will that red flag? 

His estimate is 2-4 Months.The red flags from me are:1.

I love it for the guaranteed rent, tenant stability, additional accountability with the housing authority and large demand for Section 8 housing without enough supply.With strong screening, I'm able to find great tenants and Im not owed any rent.Cons you will often hear is that the tenants are harder on your properties (doesnt have to be the case in my experience if you screen really well), the Housing Authority is a pain to deal with (this depends on a couple things - how well run your local PHA is and how good you are at handling process & details) and the extra inspections/red tape make the niche unprofitable (see what I said above about Housing Authorities).Done right, I believe Section 8 is one of the most stable & profitable. 

You'll probably want to do some more digging on these tenants before accepting them.6 adults and 4 kids in a 4/2 home is a red flag itself.

But the red tape and the inability to scale due to the way mobiles are purchased and then not having boots on the ground where I was targeting were just too many obstacles to overcome in terms of risk.But the numbers were there. 

I would like to hear feedback/input from experts regarding any potential red flags.Could you share your insights on both short-term and long-term rental investments in Columbus?