I immediately saw a red flag because I knew the lending protocol.

John Roberts also is one of the organizers for Red Stick REIA meetups in BR and is heavily involved in REI. 

Yesterday I was about to sign a contract with a local wholesaler firm, luckily a lawyer reviewed it and warned me of a series of red flags. 

., testing main components, general mechanicals condition, basic roof condition, any major red flags, etc.) for a lower cost.

Shiller did his PHD at MIT in 60s w fellow student Dr Jeremy Seigel, whose latest edition of Stocks for the Long Run does a deep dive into US inflation, basically we had none from 1809 till 1945, house prices flat, then post WW2, lots of inflation and house prices up, if you remove the inflation, the red line in last chart above, house prices nearly flat again.

I can't imagine this coming up as a red flag with the IRS, would it? 

A development deal with cash flow day 1 (or Q1) is a huge red flag.

Historically, such declines have served as leading indicators of an impending recession as employers tend to shy away from layoffs initially, opting instead to reduce hours, making this decline a significant red flag for the economy.Adding to the concerns is the fact that 639 U.S. corporations filed for bankruptcy in 2023.

You are not on the deed, nor the mortgage, and that would throw up all kind of red flags, ESPECIALLY at NavFed. 

First red flag, that part is extremely expensive (like new unit expensive), he may be steering me to buy a new unit which is easier and more straightforward than repairing.