I purchased a very inexpensive property in the Webster Square area with plans to renovate the apartments one a time.  

It's usually the first red flag.  

I am currently working the Greenfield and Fountain Square markets and hope to have my first wholesale transaction under my belt within the next 45 days.

I'm trying to find my first deal but it is proving very difficult in the Ft Collins area because of a red hot market here.

I like both, have run background checks, and there are no red flags.

Here are the details you are asking for-By shame on me I mean with a little more digging I would have seen more red flags in the borrower rather than being more weighted in analyzing the value of the property and  LTV ratio.  

The MO I see around the Bay right now on flips is adding additional bathrooms, and bedrooms when possible, to collect the spread between the cost of add-on square footage (and higher functionality of better bathroom/bedroom ratio desired today), and the overall cost/ft of sales prices.

4) any other caveats or red flag warnings I should be noticing?

On higher end properties I use micro-ground porcelain tile that is nearly perfectly square, and set it with 1/16" grout lines.

If you have the comps, you always have a strong rebuttal which can’t be refuted.On the square footage issues- I had a similar issue recently with a foreclosure I bought.