So a bit of professional background about me:• Bachelors in finance, top of my class - I have deep understanding in debt, equities, cashflows, business operations etc• Worked for a year as an acquisition analyst at small fund that invests in multifamily deals.

First red flag, the PM brought up a small "safety hazard" repair.

Then how is cash flow looked at - monthly / annuallyFor example your cash flow in July is -1000 but in August is 800, you are in the red but do they get a percent of August to put you further in the red?

We have carpet upstairs but are willing to have the tenant bring pets but I want to make sure that if we needed to deep clean or even rip out that carpet after their stay that we'd be covered.

We categorize the problems into two groups:Deal Killers (or Deep Discounts): These include complete system failures, such as needing a new well or septic system, which significantly impact the bottom line.Deal Modifiers (or Small Repairs): These are minor repairs like hydrojetting the drain field, installing a new riser, repairing baffles, or replacing pumps/tanks, which can leverage a lower offer.Step 3: Making the Final OfferWe make our final offer only after a full system evaluation with remedies.

Rather learn to swim in the shallow end vs dive in to the deep and drown.

If they don’t have both or “haven’t filed yet”, huge RED FLAG.

Are there any potential red flags or points I should be cautious about?

They also are politically connected with unlimited deep pockets, they will try to stand in your way to claim these funds.

Anyone bragging about how much in assets he has bought with other people's money, while getting non-recourse loans is a huge red flag that it is all hype and ego.