All most of us want is just someone to ask questions, call for advice along the way, and red flags we cant see because we dont know what the color red even looks like yet.

Investment Info:

Single-family residence fix & flip investment in Phoenix.

Purchase price: $325,000

Cash invested: $45,000

Sale price: $414,000

Cosmetic Renovation that ran into Sewer issues ...

However, the property is zoned as a single family home.

Unfortunately, it seems a lot of people are relying on the forums to answer questions that they should be asking their team about first.For example, in the last week, I've read several threads regarding zoning, lending, and management issues.

@Andrew McCotter The fact that the crawl space is sealed shut is the first red flag that should cause you to run from this deal. 

Its zoned AB2 which technically gives it the ability to operate as a business but it shows up in public record as a single family home.

By then I would have lost lawyer's fees.I m not sure if NJ is landlord friendly state. this is my first investment in the state.To all landlords out there, never have compassion with a prospective tenant whose application is full of red flags. 

I really hope I'm wrong and this is more like a 1987 stock market sell off where we can see extended growth for another 10-20 years following this correction.Unfortunately I see a lot of red flags and I urge you all to take protective actions. 

It is not in a crime zone or anything like that, but it is just an older neighborhood with mostly owner occupied homes.

There are three parcels: Two 2.87 acre lots (zoned Rural Homestead) and one 10.21 acre lot (zoned Residential Manufactured Homes).