Here's some information which I hope you may find meaningful:1)Renting a property to a family member at a rate significantly below market value may raise red flags with the IRS, as they might consider it a personal arrangement rather than a business one.To qualify for tax deductions, it's crucial to treat the arrangement as a legitimate business transaction.

When we lend, we don't have a pre-payment penalty as long as the loan is a certain size.This lower interest rate is what raised a red flag.   

The scammer then ask me if I'll pay him a few hundred to go away, but I told them, shouldn't done that before you got the lawyer, but you now have to deal with insurance.My wife had a younger sister killed by an oil company truck of a major oil company running a red light.

One bad incident can wipe out your profits and put you in the red, and from the sounds of it, you're not going to have property appreciation to fall back on.I hope this gives you something to consider!

I wanted to reach out for some help about a potential red flag.  

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.

Rooting for you from NJ :)