Now normally this is a huge red flag but we were able to find out that it just happened to be that all the offers fell through because they all had contingencies of their house selling.

If there is a red flag on the application...not carte blanche...but something I'm okay with, if given the extra protection of last month's rent plus security. 

We had a scare when we learned water was in one street and sewer in another - we had only 4 inches of margin to create a flag shaped lot - phew we were fortunate!

Any minimums or red flags you have seen lately?

The suggested advice is to have all the utilities and bills under your name and that is a sort of safeguard to not raise any red flags for someone to investigate further.Wish you the best of luck,Michael David

Replacing a piece of cast iron with PVC may not be outrageous, but if the entire line is cast iron, you could get pricey especially if the cast iron is buried underground.So yes, you have some red flags for sure.

He was in his late 40's, horrible credit (not unusual for the area), no bank account (also not too unusual for the area), no rental references because he lived with family his whole time (BIG red flag), and not enough income to qualify for 2.5x rent. 

New development is a big green flag.

If I am seeing higher than that, typically it is because the operator is getting aggressive on assumptions, and typically there are red flags that would keep my from investing anyways, but I will still look to confirm.Also to be clear, 8% prefs still exist, but are becoming increasingly rare.  

We bought a student rental house in OH with Federal Pacific panels that were flagged during pre-purchase inspection.