This is the biggest red flag for sellers.Well, this sounds great for Buyers.

It has this beautiful handrail for the staircase, but there are a couple problems with it.

We ended up deciding on a beautiful neighborhood on the Pascagoula River in a beach town on the Gulf Coast of Mississippi, and absolutely fell in love with it.

Beautiful views, casino, and you're never bored.

I looked at a couple of deals of his a few years ago but they seemed like bad deals, red flags, so I passed. 

It has appreciated almost 2.5X of the original purchase price, however the cash flow is typically $25 in the red every month sometimes more with maintenance issues. 

If I remember correctly, East Coast Tax Auction LLC and Red Rock Capital were two of the high volume bidders.

If they say 'no', that is immediate red flag and I will ignore that.Do legitimate and genuine private lenders go through 'Escrow' process ?

I haven't researched it much but I tend to see a fair amount of listings for this type of home and am just interested if there are any regulations, rules, red flags I should know about if I decide to pursue this niche.

This is a huge red flag to me, expecially as it appears the seller is also the property manager.