I have inspected it as best I can with the Open House not being an option (should've been a red flag).

If you are trying to push some anti-gun agenda and have deep pockets, then go for it.

There is more red tape when dealing with FHA and also a 401k retirement account.

If you have not managed to save a penny of your own money, that is a red flag that you have money management issues.

Digging deep into books, podcast, magazines and what I can to help me to learn, single family homes in Central CT in our urban cities seem to sell for low enough to get good cash flow, does anybody have any in-sight to specifically single family home rentals and how they cash flow?

@James Wise I literally almost have that map memorized to the point I can look on the map and tell you what should be red, yellow, light green or green.

Deep rough.The owner currently has it as for sale by owner and told our agent that he will probably list with an agent have his tenants move out next week and he does some paint and other little fixes. 

Then, borrower (family, friend or other wise) gets an attorney and claims you violated RESPA, TILA, DF, SAFE, Usury and whatever else they can throw at you, then you are in deep poop.99% of the time the issue will not come up. 

This apartment has been vacant since 3rd week in November and all applicants up to this point have had glaring red flags, and there have been very few.

Katie Smith The pro referral / Red Beacon is just a referral service, they check the license and then put them in the list, no guarantee whatsoever.