After that visit we just took out the map and put a big red X over Detroit.If I am only concerned about returns there are plenty of places I could become a slumlord.

It's a great starter house, near the Red Line and highway, great renovations, 2 car garage, 2nd floor deck.

In Redding, CA where I moved from the fastest growing segment of the market are seniors.

Is this a red flag?

So, I guess for me, the warranty or guarantee on repairs is just a red flag to really dig into the SOW on the rehab to see what is and is not being done.Rental guarantee is a little scary.  

I have been looking into property management companies in the Indianapolis area and like the look of Red Door property management.  

There is red carpet on the floor that I do want to replace. 

(20 miles outside of Atlanta, Savannah, etc.) so not in the middle of nowhere either.Naturally I thought it'd be nice to look into an area where I could get twice as much house for my money, but was curious about the rental market there.Fifty or 60 thousand dollars can get a very nice house there, so the cost of a mortgage would probably be cheaper than rent, whittling your market to those who don't intend on staying in the area long enough to warrant a mortgage, or who cannot get approved for a home loan, which can be perceived as a red flag as far a a tenant prospect goes.Anyone on here have rentals in GA and can attest to the rental market there?

Extraordinarily high ROI is a recipe for disaster and should be a red flag to any sensitive investor.

My bet is that if your payment history is good, the asset has been maintained, and there are no major red flags, you will have no problem AT LEAST refinancing the principal balance remaining.