Here are a few numbers on the house:Purchase Price: $301,000Remaining Loan Balance:  $285,000Improvements: $30,000Improved Home Value: $340,000Rental Income: ~$2,700/month for both unitsP&I: $1390/month ($450 principal, $940 interest)Taxes: $340/monthInsurance: $310/monthRepairs and Maintenance: $135/monthCapEx:  $135/monthPMI: $205/monthProjected Appreciation: 1-2% per yearYou'll notice I have not included the cost of a property manager in the numbers above as this would put me in the red every month.  

@Spencer Hsu neighborhoods can be distinguished by economics and crime(Trulia Green - Red).  

They make things into red hot MOLTEN STEEL!

I do not even waste my time and show apartments to anyone inquiring if i see the red flags on this free site.

I thought that his student debt seemed very high and wondered if this should be a red flag or not.

Is this a red flag?

These tenants have multiple red flags:1.

Getting past zoning regulations and other municipal red tape is going to be the real battle.

In hindsight, the fact that both entrances to the unit are in the back, which is the fire marshal's complaint, should have raised a red flag.

There are many red flags here, that can be ignored.