So things that are a red flag for me may be fine for someone more aggressive.1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where you think we are in the real estate cycles (financial and physical market cycles)b) Then only then pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

You have a goal set of $1000 free cash flow per building, this will be a hard number to hit in a single family or duplex but should come easier in a tri-plex or 4 plex.   

Just wanted to formally introduce myself and per suggestion of the Podcasts - would like to get more involved in the forums.

You mentioned second house, did you know you can have up to 10 mortgages per person?

Per the seller it has been zoned commercial/residential.

This deduction is limited to the regular federal per diem rate (for lodging, meals, and incidental expenses) and the standard mileage rate (for car expenses) plus any parking fees, ferry fees, and tolls.

From what I can gather they are bringing in an income of over $30k+ per year before expenses.What kind of red flags should I look for with a beach rental?

I have been working the math to refinances and make the 12% and $100 per door at that time.

They are 100% occupied and generate $5500.00 per month before expenses, 7 of them are free and clear no mortgage.

I can most likely upgrade to get another 100 per side.