However, this is a red flag on the other hand.

@Jon Holdman Perhaps the word depreciation raised red flags for you.

The term, "rent credits" should be avoided as it sets off red flags to lenders as to market rates.

The awkwardness of the two balloons being one year after each other in reverse priority is a red flag for me.

Any red flags ?

Many preach finding motivated sellers(marketing) to find great deals.There also seems to be some value in "information" deal hunting via researching permits, code violations, county/tax records and so forth to find gold, almost creating your own deal through red flags...

Hi Mehran,Thanks for sharing.I wish I could borrow at the rates all you American do hahaSucks being a foreigner.Numbers look good.I'm assuming its a solid B class area?

There are certain things that will kill your time and budget:- Lots of unknown costs and repairs- Property far from your home- Uncooperative sellers- Low rents and high vacancyIt sound like this deal has only red flags!

A red flag goes up if there is a complaint where money is pooled with multiple investors and the unsophisticated public is possibly being taken advantage of, they will take notice.

With having said that I do have a DECENT paying job - not bad, not good either (as in most Americans case) - but it does bring money in to cover the bills and save a couple bucks at the end of each month.