Similarly if you feel the material pricing is marked up by too much, that's similarly a red flag.

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.

That’s RED FLAG #1 when I was on high alert.

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?

Scranton PA is a great spot to invest.Pros:- Low cost of buy-in / not much needed in comparison to other areas due to affordability in purchase price- High-Cap Rates- High Cash Flows- Stable market / continuing to appreciate- Beautiful revitalization of the downtown- Influx of jobs, employment opportunities - Plenty of renters- New Amtrak service coming- Surrounding neighborhoods are sought after, solid schools, "home team" mentality in most of the towns where people want to stayFor the Cons:- I can't think of any OVERALL cons that couldn't be avoided in working with the right team.

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.

If your lender is only working with a "list of qualified contractors" thats against the 203k guidelines and a huge red flag. 

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

Cycling the red rock loop.

I little bit about myself - I am a father of 5, a husband and a grandfather of 2 beautiful boys.