(and be able to buy themselves a new Porsche with the proceeds)Just more Red Tape!

On the other hand if they are a sponsor that is experienced in stopping a skin in the game, that's a huge red flag for me.c) how open to scrutiny are they?

Weeks later found another buyer, barely qualified, a pain to work with, does not respond half the time, red flags all over, seller is motivated.

Sounds like a pretty easy way to get in over my head fast, but at the same time, it seems like an opportunity to pick up a property WAY under market value and there theoretically should still be plenty of meat on the bone.

JC’s lenient approach is definitely a draw for investors looking to avoid the red tape that’s becoming more common in larger cities.

You can find some diamonds in the rough don't get me wrong but if you aren't experienced enough to see red flags in the property/ transaction they can be costly. 4.

As far as I can tell, this may be over capacity and is also a huge red flag. 

Yes, the contractors were bad people, but there were hundreds of red flags waving in your face and you ignored them all. 

Negative cash flow with high HOA fees is a red flag.

@Stuart Udis you say things like a “red flag” almost as if you don’t believe what I am saying or think that I am making things up.They are 2 different properties.