Is this a red flag?

How you considered investing in the Red River Gorge of KY for STR?

Particularly in Philadelphia where there’s a ton of red tape to navigate and construction costs are disproportionately high relative to other markets.Ten years ago I could walk into a district L&I office, complete a two page application and pick up a building permit without plans for a single family renovation the next day.

So you might want to start with the attorney and see if he has a lease he already knows and likes.One thing for sure, put the prohibition on living in the space in bold type with a nice little initial block next to it for the tenant to initial so the tenant cannot come back and say it was intended to be a live/work space.

Red flags are going up around me regarding this area. 

Candidate 1: pit bull is a liability for you, regardless of tenant's insurance; paying a year in advance is a red flag -  @Theresa Harris is right. 

However, here are some considerations:Permitting: Unpermitted structures are often a red flag for lenders because they may not meet local building codes or safety standards.

We will end up having to complete more of the labor on this project ourselves than planned and we will be fortunate to finish this one without being in the RED.

My flipping clients will often do that because the appraiser may not take it as a bedroom for financing purposes and buyers may see red flags if its an unpermitted bedroom.

Spoke to attorneys, way to many red flags.