@Eve Favorse the first red flag was the nonrefundable EMD.Would not have even bothered making an offer with the condition.

Harris proposed tax credits for builders, cutting red tape, and a $25,000 down payment assistance for first-time buyers.

While there are several reasons why you can be targeted for an IRS audit (including running for an office, it seems), the most common reason is the IRS computer finding enough "red flags" in your numbers. 

But for me, it is a big big red flag.

As someone with no experience investing into a syndication, is this normal, a red flag, or possibly ok depending on other variables?

I am only doing so because during my normal screening I found these red flags. 

I currently live in Round Rock, TX, which is 20 minutes north of Austin, TX, but I'm also interested in investing in Houston. 

From being warrantable or not, to dealing with HOA red tape, and trying to get a hold of the condo PM, huh, good luck. 

For example, one steady red flag I've noticed is if the tenant tries to overly sell themselves almost with a rehearsed pitch before you even start asking questions especially. 

This is a huge red flag.