Each hurricane red tagged about 50% of the houses on the beach and had to be rebuilt set back from the beach.  

We had meetings with him about we our business finances are in the red, not making repairs unless its a non habititable issue or saftey concern.

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.

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

With a Red Lobster at 6.55 rate in 10 years with increases you would be right at an 8 cap.

Investors also appreciate lenders who understand the nuances of rental properties and provide fast, reliable service without unnecessary red tape.

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

I'm in Redding, CA, and we have a lot of demand for homes under $450k, and rentals.

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

This is a red flag because its BS.