They whole reason they can do what they do is because they are doing loans to a bussiness and sidestepping all kinds of red tape.

I would be very careful with this tenant my little red flags are going up all over the place. 

This way they can at least point out any inconsistencies with what they have seen in the past and raise any red flags.Additionally, I would encourage you to make note of ANYTHING that you have questions about in the PPM.

This can provide insight that can be helpful in how to structure your offer not to mention to catch potential red flags BEFORE you put in an offer, do the due diligence but only to be stopped by Title issues. 

Once you start doing weird things that raise a red flag that’s when they start to come collect your soul.

Some people genuinely don't care and will destroy houses and not pay their rent - those are the primary red flags.

My concern is if a property has significant appreciation since the last time is was assessed for property taxes, then when I purchase the property, a red flag pops up for the city since it was purchased at a higher price than last time then they reassess, and then the property taxes increase significantly. 

Brownstones in Red Hook, Bedstuy and Fort Greene (the former locations of very run down project buildings) are all now unaffordable to the average Joe. 

I'm seeing "Cash only - no comps for an appraisal" in the description of a listing for a multifamily in a small town and am wondering what the downside of this could be. The all cash payment seems like a major downsid...

In fact, parents that *don't* want to co-sign for their children has been a significant red flag we have found.