While we mainly do asphalt shingles, metal is the 2nd most common roof we install. 

  $200/month water/sewer/garbage, $50/month common electricity. 

Investing in any area can be great if you know what to look for and what pitfalls to avoid.Feel free to send me a PM.

Considering your experience, are there any other pitfalls in such a plan you can think may throw a wrench into the idea?

Is it common to re-negotiate after a rate-lock? 

If you are just looking at the properties listed on the MLS (Zillow, Trulia, Realtor.com) it is very common for the numbers not to pencil out in the Peoria area.  

They commonly have investment minimums and only accept accredited investors.

“Make no mistake, this bill doesn’t do anything to change the power of local governments when it comes to dealing with good-neighbor policies that affect the neighborhood.Fischer said the measure was based on “common-sense” feedback from numerous “stakeholders.”The House plan is now headed to the floor for a vote.

Are there any red flags or major pitfalls I should look out for as I proceed?

In truth, we knew there were red flags with her rental history but we forged ahead thinking we had some additional protection because we share common areas with her.