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.

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.

Its one thing to have an opinion, but I would not want biggerpockets to have a chatbot to answer those questions (nor would I assume they want the liability).Within your comment lies the more reason for AI powered fact-checkers and flagging system that can flag bad and good advice.

Is having a ton of rental properties & installment sales in a massive 1040 tax return - an IRS audit flag??

One of my biggest red flags when dealing with lenders is lack of transparency around fees.

On the other hand if they are a sponsor that is experienced in stopping a skin in the game, that's a huge red flag for me.c) how open to scrutiny are they?

@Sanil Subhash Chandra Bose - I would investigate American Heritage Credit Union.

Any red flags? 

It’s because the guru’s are NOT selling a real estate program, strategy or technique - they’re selling the American Dream of wealth and financial independence.