His inability to get bank financing is a red flag to me.

A Comprehensive Guide to Homebuying, it's essential to be thorough and methodical to ensure you're making an informed decision but draw boundaries, it's okay to open built-in closets and kitchen cabinets to assess the property, However, respect the seller's privacy by not invading their personal space, such as medicine cabinets, storage boxes, or clothing drawers,Interior:Architectural style.Bedroom and bathroom count, size, and location.Closet and storage space.Number of floors.Sightlines and general floorplan.Appliance age and condition.Light switches and socket count.Plumbing and water pressure.Natural light and views.Noise levels.Stairway width and type.Porches and decks.Garage and parking capacity.Proximity to neighboring homes.Remodeling opportunities.Exterior:Roof and siding condition.Landscaping and outdoor maintenance needs.Additional Considerations:Take notes and photos during the tour.Use your five senses to assess the home's condition.Ask your real estate agent questions about the home's features, flaws, and market conditions.Red Flags:Overly scented rooms.Water stains and damage.Lack of maintenance.Foundation issues.Sagging ceiling.Fresh paint that may be covering up issues.Final Tips:Be prepared to make multiple offers before finding the right home at the right price.Stick to your budget when making an offer.Don't overlook potential red flags just because you love a home.

While the issues you mentioned sound completely fixable, it's a big red flag that it failed the fire inspection.

If you did any work without permits, stop now and go get the permits before you get a red card that will leave you on the sidelines for 6 months to a year.

The root need comes because I need to bring my mom closer to me and Im looking for a way to make this a positive financial decision as well.

Can you experienced investors share some insights on what factors are crucial to analyze and what red flags to watch out for?

It was a huge red flag, so we immediately changed our offer.Trust is essential in real estate, and if you don't trust the seller, walk away.This anecdote taught me significant lessons.

Anytime a tenant is nasty with our staff it is a huge red flag.

Stay away with trying to get it under FHA if you already own a primary it will get "Red Falgged" in underwriting. 

"Cannot" in this sentence as a red flag.