But anytime have a big headache  when taking over property, especially going into a rental arrangement, then that is a red flag for me.

If those numbers meet or exceed your desired returns, it is a good deal for you.In regard to their projections, a few things to look at:What are there annual income and expense growth assumptions (anything higher than 3% is a red flag)How are they calculating the exit cap rate (an exit cap rate is lower than the in-place cap rate is a red flag)What are the statuses of the major systems, like roofs, HVAC, windows, plumbing, etc.?

What are some red flags on this one?

It is red hot like many other major cities.

You only paid the deductible and the insurance company paid the rest is a red herring.

No major red flags outside of the basement, I am just working on a slim renovation budget, so the little things piled up.Today, I received a text from my agent that the sellers are willing to negotiate lowering the price/handling the work that is needed in order to keep the deal alive.

Huge red flag w/ underwriting when a borrower has a new base salary higher than previous earnings and the 'employer' is an immediate family member.

I put in bold the parts below but as you can see, as with most laws, it is open to the interpretation of the judge.  

I send a breach of lease demanding payment, the honeymoon is over and I haven't seen a single red cent from these people.

They say he will red tag his Grandma.I have never met him though and he may be a nice guy.