you've been warned".

This would show up on future credit checks, warning a future landlord.

They warn you from making a lot of expensive mistakes.

Has anyone  on here used Sterns Lending in IL for residential loans?

I would warn you that Columbia has seen a surge of apartment complexes.  

The assets in the portfolio are probably in trouble and this is obviously a warning sign.

What are the warning signs?

My only warning about going the just cash flow route is to think about expenses in the future as well, because if you are only earning $1200/yr in cash flow and all the sudden you have to replace your HVAC for $1-2k, there goes your entire years worth of cash flow.The same though could be said about an appreciation play, if you are buying with the goal of appreciation then you are taking a risk that your home will increase in value.

I would warn heavily into thinking one can buy out there and provide a home that looks like the rest of the rentals and not expect to have longer periods of vacancy.

Waiting a few weeks and again, same price, no answer. 2nd home has black mold warnings on the front door, owner has passed.