Even if the GC were managing the whole job, it's not unprecedented that the rehabber pay the subs directly, so this should raise any red flags with anyone.Just my $.02 based on my experience in my area...

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.

Assuming you will have around a 10% equity stake in each property for your $2.0 Million you still need to make or raise another $140k plus, chase your dreams but keep them rooted in reality.

(RED FLAG)

Kenny welcomeWe are all rooting for you, man

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!