If they won't manage a property because of the neighborhood, then I know that is a red flag for me to avoid.4.

Looking at some properties around there and it seems to be the norm to have a cesspool in a few towns (WW, Coventry, NK/SK)Any immediate watchouts or gotchyas / red flags?

Anyway he made a video about the market being red today and then showed, very casually that his portfolio was up 24% on the same day!

Thats a red flag.  

Certainly not afraid of it -- the government red tape is Partly a question and difficulty removing a bad tenant is probably he biggest downside - that goes for any property though.   

In my experience in foreign countries, there is often less consumer protections/ no central MLS or licensing/ greater risk to the principals, much more red tape, and overall higher transactions costs than here so it's important to look at the whole picture not just the commish %.

Two things stick out to me on this post - start at the beginning of this thread - definitely red flags were discussed two years prior.Second is it has been 90 days so I am curious if everyone got converted to equity and what has happened since ? 

To me this is very market dependent and product dependent.. in our Market some developments that are red hot that Lennar owns they might only offer 5k on a 600k sale.

What’s the biggest red flag you watch for when vetting borrowers?

I will watch it and root for ol' Justin.