Where the red fence posts are and to my hand in the way of pic is the separate piece of land that i feel I would need to purchase with the house to really make it saleable.

.- If there is an HOA, there could be association laws forbidding the rentalOtherwise, denying a person from purchasing real estate could be red-lining and sort of really illegal.... of course the best way to find out is to ask the person who told you.

This sounds like cosigning to me which is a huge red flag. 

I suppose I am just a little nervous making such a large investment when I am constantly seeing RED in my cash on cash ROI.

"can you change the color on this letter from red to blue?".

The other units in the area might actually have those proforma rents, but it's a bold assumption that any specific property will support them also - - poor curb appeal, poor internal condition, war zone neighborhood....In your offer to purchase, demand a rent-roll for the last two years, signed as accurate, to be returned in 10 days of acceptance to see the real rents.

Every time I slide a check into the ATM at my bank, I hear that voice from the little red button on the counter at Staples, "That was easy!"

Very curious about auction.com I found a house that I am interested on auction.com but have never purchased anything from them... any buyer beware or any red flags?

If you are a licensed contractor, this can help avoid certain red flags.Regards,Jacqueline

I wouldn't think the 15K difference should raise any red flag, but, as always, it is ultimately the underwriter's decision.