Mark you have a number of issues going on here and there are some serious red flags that come to mind.There is nothing wrong with having a strategy of buying some properties to rent long or short term and to buy some as flippers.

As far as getting rich, if that is what an investor is after and wants to do it quick, that is the first red flag that this investor is not right for my company.These new investors in my opinion would be better off handing the money over to a seasoned investor who will purchase properly and give them the returns wanted WITHOUT the headache of land lording or overpaying.REPLY FROM ME:This is exactly how some of the best passive investment companies in the country started!!

Low EMDs, contingencies and due diligence periods are a red flag to a problem closing.

Hi Nick, Before answering your questions on what is most important from your list, I see potential red flags on this deal.

what to lookout for (red flags)?

One more quick question: The manual 1098 (red form) that I'm sending to the IRS, do I fill out the same info for my borrower 3 times on the first page?

That may be a 'red flag' that is causing problems since you are offering as an owner-occupant.

A preferred return on your dollars invested SECOND (before the labor component gets one red cent)3.

Kelli-I see a lot of red flags in this potential deal I'm sorry to say.

If at any point you think they are not doing right by you, walk away.All this being said, Gaberville has a population of what about 1000 with Redding being 160 miles away.