The possible red flags are a) why wasn't he able to sell it for 199k when most sales are in the low to mid 200s in the area; b) why doesn't he just list it again at a lower price; c) what is he not telling me about his situation given that he's behind on his 2nd, which is a small amount?

What are the red tape and hassles that I will face with section 8?

I red flag everyone that works for [b]commission.

One was a guy that wanted to rent a place "immediately" (always a red flag) because he discovered "black mold" in a house he was buying and is planning to sue the previous owner.

This is a huge red flag.

We have all heard of banks requiring the remaining loan be payed off in full when quit claiming to an LLC but what other red flags would be thrown up when dealing with banks and the construction loan?

We have a big investor involved for other financing but his money is miles of red tape and expensive.

You can however qualify for some pretty cool incentives through the government, but I think the red tape would be a lot of work.

From my experience, what is most important to the bank is having a complete file to pass through the red tape.

Your hesitance to sign something is a red flag to most agents.