Bob, everything your listed is a red flag, people should watch out to.I don't know you personally, but you don't have any references to a brokerage of your PM company, you're trying to tell OOS investors that East Cleveland is OK to invest when it's clearly danger zone.I'm not trying to be cool - just warn people to be more careful what broker to affiliate with.Do you care to share the name of your broker who would manage properties in East Cleveland?

What is the best option for me at this point.

Box; rent can only be paid by deposit.For your convenience, the nearest location to your home is 123 Main Street, City, or you can execute a bank-to-bank transfer using the routing number provided.If you have any questions, concerns or maintenance issues, you may call or text my cell phone at <Google voicemail>, or you may email me at the address listed at the top of this notice.Please don’t hesitate to contact me with any questions about this transition or any other pertinent issue.Sincerely,<you, the PM>

I decided that I'd like to search for a seasoned/experienced wholesaler who is looking to teach someone to birddog for them; as in what to look for in a deal, what red flags to avoid, how the local market works, etc. 

I also ask this based on the end investor, how much meat do you leave on the bone for them, as far as the equity between fair market value and agreed purchase of the note?

Is there any tips on major red flags to look for? 

Closing in four days sends up a huge red flag, but its possible it was related to the seller and had nothing to do with the property.

I told them to get a red marker and circle each ad that they thought would be a job that they would like. 

If it is a loan a preapproval letter with funding date specified.The way you described is confusing and will be red flagged.

And if he doesn’t make me at least 10k, then I don’t do any more deals.