The property is a duplex with an ARV (after repair value) of $700,000, making it a strong deal.However, I want to ensure I’m not overlooking any potential red flags.

A common strategy used by investors, such as those operating through PadSplit, involves purchasing the property, completing basic rehab, refinancing, and then using cash for the interior build-out.Another potential red flag, even without converting common areas, is the addition of individual locks on bedroom doors.

One market shift and you're in the RED. 

Every interaction with them has raised red flags. 

And it says, "This one was bold and provided me with address."  

There’s always demand for rental properties, and with the landlord-friendly laws, you don’t have to deal with all the red tape you might find in other markets.

**Ethical Concerns:** At the time I joined, certain marketing tactics raised red flags for me.

Their guarantee to cover the mortgage if they don't rent the property is a red flag, too.

It gives you the flexibility to get started quickly and stay on track without the red tape.

Quote from @Bruce Woodruff: Quote from @Peter Mckernan:Up front (First Contact) Red Flags - 1) Everything should be in writing and very detailed 2) There should be a very specific Scope Of Work3) They should not ask for much upfront $$, certainly no more than 10% - if even that.