With the IRS adding tons of money to audit enforcement, will a self employed tax return with various real estate schedules raise any audit red flags if I filed my taxes on my own, vs if I have a PTIN? 

What are some things you look for in a market as well as some red flags? 

@William SimonThese properties always look great on paper and when the tenants destroy the place and you have to replace cabinets, flooring, fix holes in walls and cost of eviction you could end up in the red on one or multiple units.

With a cash-out refi, you'll have to make sure your income from the rentals covers both mortgages on your end, unless you don't mind being in the red for a bit.

Does this sound like a huge red flag to walk?

Anything below that is pretty bad and a red flag in my opinion.

I often wish real estate had less red tape as it can cause a lot of head aces.

https://www.jdsupra.com/legaln...Yes, but that is Arizona, which is still a kinda Red common sense state....not Cali...

Lower level features finished room with exposed red brick, perfect for a movie room.

We won't miss her.In hindsight there were a few red flags that we now see.