The potential tenant does have a nice credit score ~770If the above situations are real, would it be a red flag for this tenant? 

I wouldn't allow someone local (say, from Knoxville or Chattanooga) to book for a single night, I consider that a red flag, and as much as possible don't allow people under the age of 25 to book, especially for a single night. 

I saw a rare off market fixer today that has a lot of potential as a “buy and hold” in Eagle Rock, Los Angeles.  

So I'm stuck between a rock and a hard place.

The red flags were flying all over the place, and they still are unfortunately.

You may or may not be replacing the sheet rock, interior plumbing & electrical, cabinets, fixtures, etc.  

I can find lots of opportunities for $100k houses in Florida, New Mexico, Texas and other southern red states with low regulations and lots of sun and heat. 

This refinance will get me out of the red.

One of my banks is dumb as a rock, then Wells Fargo a true business smarts bank saw my POA and check, poof I deposited it.#2 you'll buy another policy a landlord policy assuming you'll rent this property, BUT the trick is the original seller MUST be listed first, then the bank as ALTMA then you or your entity. 

The bigger brands have lots of red tape and processes they follow.