Since this is a historical rehab, there is plenty of extra "red tape" so I bounced a little between phase 1 and phase 2 on this flip.

Green means nature, black means contemporary, red means hot and so on.

Basically the idea is to call your city and get a list of properties that the city has either had a call about code violations for nuisance or has other similar problems with the property, Big red flag the property is not being taken care of and may be sold for pennies on the dollar.

If your calling every week now its a big red flag to me !!! 

Otherwise, I don't think we'd have any cashflow at all (might even be in the red) =)In any case, the high rental is a concern I share as well...

You don't want to be in the red by the end of the day.

Lawyer-pumps-up-S-F-landlords-at-boot-campYou know the SF real estate market is red hot when this is recommended.  

I am not yet in contract on this property and no money has been exchanged, but I am seeing serious red flags…I am considering adding a contract contingency of results of County Review for Buildable Lot to ensure I can build on the land if do go to contract.  

Is there something that should raise a red flag?

If you try to do them all at one bank, that might raise a red flag. i.e.