Now the system doesn’t flag the property as having a balance due, even though Tenants B and C haven’t paid.

A lot of homes build in the 1950s and 1960s and a lot of developer activity in these areas with either high end remodels or scrapes.Biggest red flag I see is the square footage is light.

Asking questions without even reading the description is a red flag to me, because like you said, how can I expect rent to be paid on time if someone is not willing to read a couple paragraphs about the property they supposedly want to live in?

My concerns:Self Employment tax - I think we get out of that because we aren't doing day to day management Audit - With more LLCs to come, I'm nervous about flagging for auditing.Looking for friendly guidance. 

When i said this was a red flag, he stated that his attorney would provide title after closing.Thanks and HNY!

Both Facebook marketplace and Craigslist.On Craigslist you can flag the post and it gets deleted.  

They have quite a few red flags to be honest.

Way too many red flags and hoops to jump through...you someone on the NPO to approve of your renovations, you need a contractor who is familiar with the historical district requirements, and you need a friend out here to push it through the NPO (if it gets approved).Not to mention the stringent requirements of renovating a house in the historical district, you even need particular building materials to work with.Even if you live here, I've seen a project turn bad very quickly in Fairmount when a contractor made an addition too large.For an out of state investor, this could very quickly turn into a nightmare.

If you plan to fill out a Schedule E on your tax return, HIGHLY recommend running income & expenses for the rental units through a business bank account.Mixing personal & business funds is a "great" way to get flagged for an IRS audit.Encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

It feels a little wreckless that BP doesn't flag this info as 5 YEARS OLD.5 years ago, flippers didn't do direct mail.