And when a property cycles back to the market, it's not always a red flag – sometimes it's just market dynamics at work.

Is this a red flag, or could it just mean there’s an untapped market here?

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 ? 

Are there any red flags or challenges specific to this neighborhood that I should keep in mind?

I have just received the same callThis a legitimate business model for a STR company, but the website raised a lot of red flags and I would not feel comfortable doing business with them.

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.

I just bought all the drywall, cement board, and a 3/4 full thing of red guard water proofing that I need for my entire bathroom remodel for no joke $110, that would have cost me $400+ at the store but someone else who already finished their bathroom just had a ton left over.

The only place I see more cheating is in the recruiting of SEC football players (SEC fan here).

However neither person is local , they both have filled out applications and seem to check out , but both have "Not for Real ID" IDs which seems like a red flag to me. 

I then look at area vacancies, economic conditions, employment opportunities, area demographics and verify that the property has not been red tagged or have any other underlying problems that might make it difficult to resell or rent.When I have my financial information then I can consider debt service and costs related to equity partners in the overall income produced.