Great job on your first flip and for not being in the red. $15k profit and a great experience sounds like a win to me!

I understand much of the red tape associated with new construction first hand from building my own home, but blame much of it on a very incompetent builder.Thanks!

This is one that intrigued me, though I totally agree there are some red flags.  

In instances where a buyer wishes to use HUD financing (which does the loans directly, rather than going through FHA, in most cases), the buyer is almost always forced to use a "bridge" loan or close all cash at closing and then put the HUD loan on later in the process.Sitting on the other side of the table -- yes, I would want more money for the headache of dealing with FHA red tape, too.

To me it would be a red flag of other potential problems.

That's a red flag to me.

It filed its initial public offering in1994.The company reported revenue in the latest quarter of $191.5 million, down almost 17 percent from the $230 million the company brought in a year ago.Total student enrollment decreased 15.4 percent, to 43,293, as of March 31, compared with 51,201 as of March 31, 2015.Bradley Safalow, the founder and CEO of PAA Research,began waving a red flag about ITTseven years ago, when the company’s stock was above $100.

The 6 month redemption is kind of a red herring.  

Be very careful as a remote transaction raises a lot of red flags.ThxChris

Sounds like a few red flags to me, no keys to house and they are telling you that you may not be able to inspect the house. ??