Additionally, these investors can provide warnings about potential red flags, ensuring you hire reliable contractors and property managers.

that said the other issues are a red flag.  

It's definitely an outside-the-box idea to transfer the property to an LLC before applying for the HELOC.If you move the property to an LLC, lenders might see the transfer as a red flag.

That’s a big plus for anyone trying to keep consistent cash flow.But there are cons too: extra paperwork, annual inspections, and generally a bit more red tape.

Any red flags ?

The new homes will be mostly built in the burbs, and I expect as we move forward outside of many city limits or in smaller cities where the builders can control the narrative with less regulations, less inspections, less red tape, lower requirements.Due to the number of people moving though, we'll see some urban infill as well I expect. 

There is no reason they shouldn't advertise the unit prior to it being vacant unless they have no idea of the current condition, which is its own red flag. 

Hey @Peter Faulkner, that definitely is alot of red flags.

Some red flags to watch for are inconsistent fonts, blurry text, or mismatched information across pages.

IMO a bigger red flag would be poor record keeping on expenses and other documentation that would indicate property condition.Anyway, you're ultimately purchasing the income stream that *you* can achieve, not what the seller achieved.