Unfortunately many lenders will see this as a red flag and may not take the risk to lend you the rest of the money even if you use stated income program or bank statement program but those are for self employed borrowers who have active income from their business but write off to many expenses that when filling their taxes their net income is really low or sometimes negative.

Ok, try wearing a pro-Trump shirt or a carry a Trump 2024 flag in, oh, name your left "pillar of greatness"...... 

In retrospect, some yellow flags found by the property manager during the tenant screening are now bright red flashing sirens, but the tenant showed decent credit, had a positive previous landlord reference, wrote a charming cover letter in his application, and applied through the referral of a reputable real estate agent.

Have them shop it to their carriers.  

Has anyone dealt with section 8 renters before and if so what are some red flags that I should keep an eye out for?

If it's wide open, that should be a red flag.

FL is now basically going socialist by offering state-sponsored tax-funded insurance to replace the private insurance carriers who don't want to loose money any more.Home prices are also interesting: when the first row of houses gets washed out by a storm surge, you have for sale signs pop up in the second.

I'm not sure yet if he was on that lease or not.Definitely some red flags here for me.

As we go through the purchase process, what things should we look out for or are red flags to be aware of?

most insurance carriers are middle men who broker a connection to a construction policy carrier and add 10% on top for themselves. the key is to find an insurance broker that the construction policy company pays to derive business for them so you get your policy at cost and will help shop with multiple providers to get you the most competitive terms