Is it still red hot or has it slowed down?

It's a red flag that they are attempting to distract you from your screening process.

The suburban market - RED HOT sellers market, no inventory, and constant bidding wars2.

Red fin How did you finance this deal?

Vacancy rate is 1.7%Cash Flow - My thought is 4-500 isn't much every month BUT that is a cushion for a property tax increase or insurance premium bump, maybe Even if i cant rent it for my conservative estimate then i still wont go red on the month holding it, it'll just be maybe 100-200 cash flow a month instead.

Like are there certain red flags to look out for when viewing properties?

Is this a red flag for those who are experienced investors?

Simply by itself $900K paid to the govt means an annual loss of $50K - $70k that could be going to your pocket each year - even if using a passive 1031 model.While paying off the debt on your other properties might seem like it would generate more income for you it's kind of a red herring. 

Color in areas you are interested in with green and not interested with red.

How's the Redding/Norcal market?