Should this be a red flag?

For other contacts, we only notate significant conversations or observations, which we also hard copy into the tenant file.After tenant move-out we archive "problem tenant" files in red hanging folders and others in green hanging folders.

Don't know how much red tape there is in your city.  1.  

@Tingjun Lei I would put a cage around it, and I would install fake cameras with battery operated blinking red lights at the doors and above the outdoor condenser to at least make it look like you have a camera.  

Lets say its roulette, and you bid on red.

A client of his opened 1 In and Out burger and it took 1 year in California to accomplish it with all the red tape.

I think the crux of the matter, however, is the fact that if I'm break-even on paper before vacancy and repairs (and management fee, which I'd seek to avoid at least in large part), I might be deep in the red every year (but probably not more than principal accretion).  

Let me just level with you: if someone came to me saying how awesome their dog was, but was resistant to paying extra and resistant to having me come view their current living space unannounced that would be a huge red flag that I might not want this dog in my property. 

It wasn't long ago that I was introduced to real estate investing and the mindset of everyone in this business, but now I feel like Neo in the Matrix after taking the red pill - there's no going back.

There is quite a bit of red tape to go through with SDIRA!