Any red flags looking at the financials? 

Red Deer is a decent place to be.

@John Underwood I used to print out google maps and as I drove over a street I would color it in red until all the streets I wanted to visit were filled in with red.

I If i put my numbers  into some of the rental property analysis spreadsheets i see positive cashflow, but i am wondering if there are any huge red flags that I am missing.

They don't know poop from Shinola about how to to math for investing and I love to argue with them about single family investing vs. multi-unit properties and until their face turns red, green and blue.Too many big talkers at meetings.

Would a strip mall directly adjacent to a larger gas station raise any red flags? 

The home inspector's report in big, bold, red lettering said "DO NOT BUY THIS HOME WITH THE OIL TANK." 

I moved from Washington where the market is crazy and wanted to know if this area is reasonable or if there are any red flags I am not seeing/don't know where to look?

The CEO of Coca-Cola, the CEO of Red Bull, and the kid down the street with a lemonade stand are all in the business of selling flavored water, but you can't seriously expect them all to have the same business model because they're "running a business."

If a sponsor will not allow you to talk to existing investors, that should be a red flag to you.Also, one of the most often overlooked components of a syndication is the reporting.