After a couple deals you do like that with a key player, tell them that from now on, you would like to manage the project yourself.

And is walking into a turnkey ready to rock building, the seller (whom I am presuming is now broke, but that may not be the case) even left the tables and chairs behind, all ready to have plates full of unethical inorganic genetically modified red meat dipped in butter placed on them. 

If a lender is not adhering to this common safeguards then that would be my first red signal .

That way i see it unfold in real time, I understand the necessary systems to have in place, the right players to have in my team, etc.

Having had similar experiences in the past, I will add the glaring "red flag" that is visible to me.

I’m in the red hot market of CT and just went under contract today for a duplex near a college.

The town of Camp Nelson is in Tulare County which is a “red” county in a deep blue state that is favorable towards landlord and STR rights.

I bought with a cash-flow on day-1 and could tolerate two vacancies before creating red-ink, so it's crazy to be penny-wise and vacancy foolish.I know there are those here on BP that harp on hobby vs professional business operations, but there's more to the bottom line than just GSI - - consider the opportunity losses created by vacancies.

Any red flags?

Yes, Pay to Play means if you are a beginner or lacking momentum, you need to pay to get coached by Active players who Make things happen.