In general, if the numbers are right and cash flows does conversion still = red flag? 

In general, if the numbers are right and cash flows does conversion still = red flag? 

And for the record I say keep the stove but see if you can get it refurbished, maybe in a bright red!

I purchased it because it was offered to me at a ridiculously low price (less than I would have offered) but have no intention of holding it.

Here it is not infrequent when dealing with one of the Big-5 banks - who have centralised, national underwriting cubical farms located halfway across the country from us - to have to ask for an extension on Close.One of these lenders - who shall remain nameless, but whose corporate colours are red - has been particularly problematic.  

I look forward to meeting/communicating with as many of you as possible and please feel free to PM me at any time. 

It's definitely not a flip situation and my husband and I prefer buy and hold for passive income purposes.Or, what are the red flags out there in this situation that I may not be seeing?

Our brick was a little darker - more to red than pink - and we were initially concerned it would be too dark.  

I would not promptly call people back, and the leads I did get were for rentals, of which I wasted plenty of time showing houses, just for the renters to go to other agents or not rent from me at all.

For example;deal #1 - 4 unit apartment building priced at $29,000. after figuring in expenses, and a 25% vacancy rate it has a cap rate at 28% (32% if we can get it at our offer of $25,000)Red flags - we were originally looking at this building in a package deal with a house converted into 3 apartments.