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

This is a red flag because its BS.

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

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

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

Atleast 1 of 2 things would set off red flags1.

You really have to have a game changing product to make it worth larger players to switch.

Do you know if there is a lot of red tape which makes it difficult or is it fairly easy if you meet requirements and lender knows what to do? 

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.

That seems weird to me and would raise red flags for auditors and I want to persue this in the best knowledgeable way possible.