I would love to do a lot of flips, but for my first one, I am looking for more meat on the bone to absorb any mistakes that I make.

Any insights, red flags, or advice would be greatly appreciated!

I was thinking this might work on my property in Redding and can be adapted to a shared housing project for seniors (though I'd want rooms large enough for bed, bath and seating area)  It's my understanding that it is considered a SFR with seperated bedrooms as far as planning.

Too good to be true is also a huge red flag.

. - What exactly is the red tape you are trying to avoid? 

That was a huge red flag for me.  

When you see red flags, adhere to them even if the prior relationship has been good.

To me, this is a red flag.He's trying to keep liberals from wanting to move to Texas.

When we present a Subto for investors to buy, it has to have enough meat on the bone, all said and done, that the investor will still have equity and the property will cash flow.For instance, I have one I'm working right now, that has a high entry, because the seller wants some cash out to himself, but even with that, the buyer will wind up with $50,000 in equity.

Quote from @Zakiya Zaid: Thanks @Brenden Stadelman, I was just looking into Investor Edge this week, the $4K -$6K raised a red flag, but 100% financing is worth looking into.