I require all serious applicants to do the following:(1) Credit Check(2) Background Check(3) Landlord References(4) Income Verification(5) Employer ReferencesCall them all and be sensitive to any red flags or too many "yellow" flags

@Mark Perea One year rent up front can be a great deal..............but it is also a huge red flag.

Both of us are surprised it has sat on the market for 30 days but he’s got some connections to call in that town to check on it if we don’t see glaring red flags tomorrow.

I don't do more than two a year unless there are red flags (poorly maintained lawn, regularly paying rent late, etc) that may indicate a problematic renter.

Also, I don't thing the ARV would be more than 120K.Are these all just red flags and I should just drop it all and walk away?

The only problem with Kansas City is that the real estate market is red hot right now making inventory very low.

When a tenant stops talking, that's a major red flag!

I'd also paint each of the doors a different colour so they can say I have the red door or the black door.

Any red flags upfront is a no go for me.

Even though the spread on your payment vs. rents received is decent, if you account for all of the deferred maintenance expenses you are now having to pay for, you are most likely in the red.