I know the Calgary market very well and I can't find deals that meet those criteria with realistic rent rates anywhere south of Red Deer right now. 

We're looking at the Red River Gorge area.

Cycling the red rock loop.

Applicants offering to pay a year of rent upfront is a red flag.

Bryan, it sounds like you're in a tough spot, and there are definitely some red flags here, especially with the property already being sold and the lack of communicationYou mentioned the borrower has many properties across states.

If they are under 600 we consider it a red flag but not an immediate denial.

Then red leg partridge hunting for 3’days.  

Hi all - I am an experienced investor in Central AR (from Little Rock to more rural locations up to 1.5 hours away, SFH & multi, etc.)

Even “red” states pass consumer protection laws, usually prodded by some outrageous behavior.  

If a tenant is asking for rent reduction in normal times, then that's a red flag that you have to find a new tenant.