If you hit the 1500, the cash flow is deep in the red. 

Update on this deal...Inspection came back with some red flags - potential foundation, mold, and termite damage.

The numbers need to make sense, and with those HOA fees (assuming monthly), your projected rental income, and your monthly payment, including taxes, and insurance, you’re probably already in the red before you pay for any maintenance or management fees.

Any red flags?

An outlet tester at Home Depot costs $6.68 and how long does it take to plug in to a handful of outlets to see if a red light comes on?  

If you remove $$ from an account and then put it back within 60 days of closing (shows on bank statements) it may raise a red flag.

My boots on the ground (realtor/broker) says Las Vegas market is red hot.

I’m in OK and we are a very pro landlord state and I have not heard many people skipping rent, collections remain relatively normal.In many ways unfortunately, it seems like it’s the big “blue” cities like in CA, Chicago, NYC, etc that are having the collection problems and generally speaking the smaller “red” cities seems to be doing better.

LA is difficult to evaluate like that because there are actual hills they may be selling a 1/4 acre lot but it is almost straight up and down, not to mention all the red tape in CA and LA more specifically. 

Where I sit in a landlord friendly up and coming red state, the price of real estate has gone absolutely crazy.