Seems that way in the business of Land Flipping...which is a red flag in my eyes...maybe it's not a part of the real estate sector I need to get into. 

Great post - I have several inquiries for clients with the desire to own coastal STR's and just noticed the red tape is suffocating when I would dive into listed opportunities and feasibility with the municipalities. 

Quote from @Greg Scott: https://tbreia.com/https://tampareia.com/http://www.swflreia.com/I frequent the swflreia you have some real players in there...  

Quote from @George Red: I echo what @Jon K. said... if you're still interested after doing some additional due diligence, try starting with 1-3 as opposed to jumping into 10.

Many years ago, we had NPLs in NY and the bureacracy and red tape was staggering.

It's important to understand their reputation in the industry and the market, as well as any potential risks or red flags.Knowing your client's objective is also crucial.

As competition in this space cools down, the remaining players who stick it out and new players who enter the asset class will have the greatest chance of being the next class of top performers.

Is there a dominant player out there that does things generally better than others?

Applicants offering to pay extra are a red flag.

This is an immediate red flag.