However, the presence of personal items like clothes, a suitcase, and a pot on the stove inside the RV raised red flags.

Any large deposits into that account will be a red flag.

That said, it's definitely a red flag.

I say, that is a great deal for a second.Now, in this real example, the purchase price of $415k and rehab of $16k (that seems terribly low, so red flag for me on this portion), places this at an all-in deal (acquisition plus rehab) of 75%.

Does anyone here have a STR in red river gorge?

There are lots of red flags here. 

So it started raising questions.It sounds too good to be true and red flags everywhere! 

So we would be in the red for a while.

The market where I am is also red hot.

I have been red-carded before for nothing.