@Maverik Eaton get out of your comfort zone and pull the trigger because nothing grows in the comfort zone.

Which kind of properties (multi, single family, condos) and which zones to tackle and avoid?

MUCH harsher chems in RV waste.also although i understand zoning can be lax in the rural deep south.. you need to check to make sure they will allow transient RV use in a property that was a MHP.  

Any of these are potential red flags.Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)Don't allow for your own independent property inspectionAre not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)Require you to pay for any renovation upfrontSell only in cheap. low end neighborhoodsDon't accurately represent the neighborhood/property classificationDon't have consistent rehab standards for all propertiesDon't provide a scope of work for the propertyCan't provide references of repeat investorsRequire you to close before a tenant is in place

Also those number don't include utilities and CapEx, pushing us further into the danger zone.

Hi guys new here, been a LL for 6 years on a SFH, currently in the process of getting new tenants for the 4th time.I’ve already rejected this applicant for too many red flags and too low credit score, but what has me stumped is the criminal record on the SmartMove results.  

If you add management and then repairs / CapEx start catching up with you, @Don Wyllie, I think you'll be in the red.

I would check and make sure it's not in a flood zone or something funky that would make it unappealing to put on the market. 

@Logan MerrickThe first potential red flag was that another investor is trying to offload the property as is.

First step is to check with the city or county to determine if you can do what you want to do and what is required for all zoning approvals and the time frame, Ask if you have to install curb, gutter, sidewalks, street signs, street lighting or any other special requirements.