BP rocks!

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.  

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.  

Most tenants with kids dont play in the front yard, like they do the  back, so a few plants (agaves or other drought tolerant plants, ) with a few large rocks and then bark or smaller rocks in a nice form is excellent.  

Thank you again for the advice and encouragement BP people rock.

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.

It is gonna be a red tape pain in the butt already.

@Michael Jobe I was thinking of making 4.5% my rock bottom especially if I am responsible for the entire marketing budget.

From a buy and hold perspective, if you're looking at an area with a lot of foreclosures that could be a red flag since it can be an indicator that the area is on the decline.