I use a red pen to write the message.

Wow, Multiple Red Flag Warnings!

That drastically reduces the deals that support that kind of financing.You could bring on a money partner who has the steady income but not time and is willing to sign on the line that is dotted (glenn gary ref there lol)  That could work but now you have to give up a big portion of the profits, which is also fine but you have to know that going into the deal and that there enough meat on the bone.  

We're not in a position to act on this property in any event, but is the recent transaction history a red flag for anyone?

Do you know of anyone, or any attorneys that could offer your services to me at an affordable rate?

After completing the inspection, we decided to back out of the contract as the property had some red flags in the work that had been done on the property.

So I took the red-eye to Indy, and spent a day with Clayton's acquisition manager, Bert Whalen, and Bert's wife, Natalie (the property manager for the whole operation).  

My original concern was that the TIC with my name on the agreement would put me at risk to creditor/liability issues, should they arise.  

What red flags could you see?

The only caution I would say is not on the insurance side but on the sales side, if I walked up to a property and saw a bunch of patches on a roof it would be a red flag to me.