Red flags for me include people who are overly optimistic without considering risks or those who don’t seem to have a clear plan for their contributions to the partnership.

Now, over a year and a half later, he sent a certified letter last week demanding the security deposit or legal action within 30 days.Please advise. 

And I still finance land flippers all over the US.. so perk test and soil test we deal with every week on our funding's.

There are many good fire marshalls but also many over zealous ones. 

You can also usually count on rents increasing enough in around 5 years, so that you do cashflow.Of course you have to watch out for over-leveraging and going bust!

Instead I will tell you that it can be done and you just need to have a quick call to go over the basics and be able to answer several questions.If you wanted to buy an investment property that would be even easier and there are a few programs you could use for this as well.

Although 2024 was generally considered a seller's market, based on what's going on in the new and the real estate market --- Do you think 2025 will be a buyer's market or continue to be a seller's market?

@David Putz  Great list and have used several on the list over the years. 

The real property investment can be repositioned if it proves disappointing in its original form; it can be refinanced or recapitalized if it has too much or too e pensive debt; inflation over time bales out many bad purchases, and finally the investors knowledge, experience and abilities can be leveraged to turn around a cash flow negative property.I’ll provide an exampleThree years ago we purchased a note from a bank secured by two auto repair facilities with a large amount of excess land.  

How do you identify emerging markets before they become over saturated?