RED FLAG!

Many states have no provision for sealing or expunging eviction records, so this red flag would stay on tenants' records for the rest of their lives, and make it even more difficult for them to obtain housing in the future.

My first property only cash flows $67 a month and I HAVE to self-manage to stay out of the red, so you'd be doing better than I did on my first run!

We found the perfect property that has a 4800 sqft shop zoned commercial with a house behind it zoned residential.

We found the perfect property that has a 4800 sqft shop zoned commercial with a house behind it zoned residential.

I see a lot of eager investors get too focused on the flip process and it throws a lot of red flags to the bank, and they're touchy on giving out the loan. 

In the last couple months, the zoning has changed for my home, and the lot is now classified as RM1 (low-density multifamily), and I have learned that I can build 3+ units, and don't need to include any off street parking. 

There is a "Goldilocks" zone to hit where you need to make sure the property is in good enough condition to pass inspection, but also not overly done to the point of exceeding FHA loan limit OR simply overvalued.   

Zoning is almost always the issue.

In terms of BRRRR, Twin Cities is a red hot market & exceedingly difficult to find a BRRRR deal, & I'd say even more so on the MLS.