Rates that are too low relative to the rest of the market are a red flag.Agreed granted many of the HML have a sliding rate scale based on  ARV  and experience  and maybe a little fico in there. lowest I have personally seen was 7% and 2 points.. and of course junk fees.  

Have you had any red flags in the process so far?

I own a 4000 square-foot warehouse that has about 1/3 of an acre lot fenced in.

(and be able to buy themselves a new Porsche with the proceeds)Just more Red Tape!

What kind of cost per square foot are you seeing in Boise to build multi-family / townhomes?

Create rooms within existing square footage, look into ADU properties, etc. 

Neighborhoods like Logan Square or Albany Park have seen growth in rental demand, making them potentially good starting points.

But it also had a small 200 square foot guest house in the back which we rented out for $1500.

JC’s lenient approach is definitely a draw for investors looking to avoid the red tape that’s becoming more common in larger cities.

You can find some diamonds in the rough don't get me wrong but if you aren't experienced enough to see red flags in the property/ transaction they can be costly. 4.