They give no official closing documents, just internal documents that I'm guessing are fraudulent. 170% profit in two years is a HUGE red flag🤯 

I want to give them the benefit of the doubt they are just struggling with staffing but now have seen some red flags that lead me to believe there might also be some type of deceit/fraud and possible financial trouble.

Would a home equity loan be a viable option in this situation, especially in regards to eliminating some of the red tape I'm running into with a refinancing an scorp-owned property?

Red flags yet?

Good concept but so much red tape it does keep us little guys out unless the qualified developers are willing to bring us into their deals.

I will keep this front of mind going into future conversations and negotiations though incase it raises other red flags!

I’m the last person who should complain about grammar, but these are yellow flags, at best.

How much in the red/month?

Quote from @George Red: @Nicholas Wright, shooting you a DM now. 

As a college student landlord you may have interaction with parents & if they find you unprofessional that may raise red flags, but if you have your s**t together you can ease those concerns.I am a big fan of college rentals.