Go there to their office, bring a street map and a red pen.

I think that's the #1 red flag right there.

Will being over leveraged be a red flag?

When I saw how long the properties had been available, it raised a red flag that keeps getting redder due to my hesitation over Memphis crime rate.  

Welcome to BP community, hope all is well.What was my driving force was eating up audio books to speed up the gaining knowledge process, in return I would gather my questions faster for more deeper research.also all podcast/video-blogs from BP, listen to all of them until you start feeling a craving for a certain niche, then focus more on that new found hunger.recommended books:-Rich Dad Poor Dad-Millionaire Real Estate Agent (known as the Red book within REA's)-Millionaire Real Estate Investor (known as the Blue book within REA's)-4 hour work week-The E Myth for Real Estate Investors-Profit First-10x Rule-Ultimate Beginner's Guide to Real Estate Investing (free from BP)Good luck, you seek , you will find#keepthehustle #lifeisworthliving #rethinklife

search it read up on it, once you do you will be surprise even how some realtors do not know what it is.Other than that, my recommended books:-Rich Dad Poor Dad-Millionaire Real Estate Agent (known as the Red book within REA's)-Millionaire Real Estate Investor (known as the Blue book within REA's)-4 hour work week-The E Myth for Real Estate Investors-Profit First-10x Rule-Ultimate Beginner's Guide to Real Estate Investing (free from BP)Good luck, you seek , you will find#keepthehustle #lifeisworthliving #rethinklife

I'll be in the red each month majorly, right?

When a couple wants to view a property I always look at their Facebook to see if I find any red flags (something I do with ALL tenants).

If they are offering you a product and cannot answer basic questions about it I want you to treat that as a "red flag". 

My understanding is that it is somewhat similar to the US market with higher prices and a bit more governmental red tape to cross.