@Arn Cenedella The larger syndications that are raising their funds through smaller check writers is a red flag in my opinion. 

In my opinion, this is much more effective than texting, which often feels like a constant game of cat and mouse with phone carriers.

I would like to learn of any potential red flags in the assumptions but most importantly just go over the deal with a fine-tooth comb to confirm my own understanding of the deal. 

Transferring right after closing can sometimes raise red flags.

That’s RED FLAG #1 when I was on high alert.

I don’t want any flags but don’t want to leave anything on the table For depreciation.Yes you can use reasonable comps.

For people reading this - I don’t know the sponsor and this is a general comment but if a sponsor had issues reporting to their customers that should be a giant red flag.

Many investors start with a variety of insurance carriers to manage different properties.

If your lender is only working with a "list of qualified contractors" thats against the 203k guidelines and a huge red flag. 

If the prospect puts up a big wall and is dismissive about their record, that is more of a red flag than the record itself, but if they were straight forward and honest with me, I will know I can trust them.