Recognizing red flags early are key to staying profitable.

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. 

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 %.

Or do other investors see this as a red flag and would prefer to have current leases?

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

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.   

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?

You could charge access fees or offer day passes for off-road adventures.Lease for Cell Towers: If the location is right, telecommunications companies might be interested in leasing a small portion of your land to install a cell tower.Event Space: If you can make it picturesque or add basic amenities, the land could be rented out for events such as weddings, retreats, or festivals.

Thats a red flag.  

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 ?