Don't see any major red flags here, so long as you are comfortable in the low income space.

One of the biggest red flags I have as a lender (who lends my own money as well as secondary market loan) is when a rookie tells me there goal is to buy 10, 20, whatever properties in the next year. my next question is how many do you own currently?

Wondering if anybody has invested with American Homeowner Preservation out of Chicago? 

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.

The fact that you've "put over 5 offers on houses since February" and moved to a different strategy is a huge red flag for me.

Many Americans take a HELOC on a US property.

Yes, Americans are litigious.

So for example your American Express statement closing date is December 10 and your payment due date is January 4.

On the other hand if they are a sponsor that is experienced in stopping a skin in the game, that's a huge red flag for me.c) how open to scrutiny are they?

We are on all of the above, as well as:- Marriott Homes and Villas- Google Vacation Rentals- Jetblue Airlines- Allegiant Airlines- about 10+ more and soon to be American Express Travel and Hyatt's portal.