(3) My God how big is that rock your living under?

And if that's the situation with them...then it would be another immediate red flag for me (because I find these types of sponsors always have multiple things I can't stomach).Also there are other sponsors in their asset class that have better fees.

Recognizing red flags early are key to staying profitable.

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

The last thing you want is a brand that will take 2 weeks to get repaired if needed.We have Maytag units in our lake house and they have been rock steady for 7 years.

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?

Thats a red flag.  

For example, here in Little Rock, Arkansas, the average is $245K.  

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!