I admire the boldness in starting off with an entire village, but perhaps starting with one or a few first would be better?

Most inexperienced agents and buyers won't catch this, but it'll be a red flag to anyone who knows what they are doing.If you're going to do higher-end renovations, do it because the property will show nicer, attract better quality tenants, and rent for more.

YES--Red flag. 

Red key has been good from what I hear but I personally can’t vouch for them and I know they’re being selective in who they decide to work for.

Quite affordable, now I am wondering if this is a red flag for the quality of the house, since the builder doesn't even care to build his brand name with such a small investment?   

Are there any red flags that I should keep an eye out for or is it more of a 'Trust your gut' scenario?

Rent growth on the NE of 20th st is positive and rent growth by 20th st on the NW side is Negative (according to www.neighborhoodscout.com so just do your due diligence and always remember to involve a real estate attorney IN FLORIDA  at the beginning and at the end of your deal, this may help bring any red flags that you were not aware off and save you a lot of time and money.

Both markets are red hot, but a solid deal can still be found.

Alessandro,I've only looked at the listing for a couple of minutes but as others mentioned already, loopnet has the leftovers that nobody else wants for a reason.A couple of red flags that I saw immediately:1) from the pictures the surrounding area doesn't look to great.

Need $176,000 in 2 days, if group acquire all of the funds they will receive 20% in interest of the money loaned.Payout scenariosPayout is given once they take ownership of the property and money is then taken from the renovation to pay back to them.The property can be sold to a wholesaler.I see a lot of red flags and I declined but want to hear what BP though.