In my area the "red tags" and habitability notices are there for legal reasons.

#1 sounds maybe on the up and up, but if someone leaves something important like SSN and DL# blank, it's a red flag.

We have been able to accomplish everything we hoped to do but the red tape and delays have been a little annoying.

I know anything where you pay up front is a red flag but I would imagine if it was specified in a well constructed contract it could be safe.

It is a temporary resting place for them to stay so of course many are not going to care about making it sparkle and fixing issues.They look at you the "rich evil landlord" as getting enough money from them already so they justify living like animals in their minds.I have seen before broken windows where they took cheap plexi glass and put silicone to keep it in place.

It's like saying you want to go from a Red Cross first aid class to brain surgery.A bank does not just negotiate note sales with people off the street!

No way would I go through all the red tape that they have to go through !

If you try to pay yourself $1 (subject to SET) and the $2,999 as dividends (not subject to SET, perhaps the wrong term) you're going to raise a red flag.

This is how I discovered he has a side-business and account and has been making deals without my knowledge.I literally caught him red-handed when pictures of the check showed up in my account.

If so, if I made my friend a partner in a LLC for the property does that get past the red tape?