We're looking at the Red River Gorge area.

They certainly display an impressive track record and have a deep bench when it comes to industry experience.

Getting deep into the grey area of the weeds but that sounds about right doesnt it? 

What I also enjoy is when people put out articles with contradicting view points and in six months or a year point to the - "see how correct i was", well yeah you placed bets on both red, black and green so you were going to be correct because you bet on all options.

I know the Calgary market very well and I can't find deals that meet those criteria with realistic rent rates anywhere south of Red Deer right now. 

Another, scarier story I have is from when my business partner at the time and I were touring a house that'd been vacant and on the market for a few years, deep in the back woods of Vershire VT, real middle of nowhere town that has fewer residents now than way back in the 18th century.

Applicants offering to pay a year of rent upfront is a red flag.

Infill lots in the city or recreational lots in the rural areas.. either way you need to buy them at deep discount to make this work. 

If they are under 600 we consider it a red flag but not an immediate denial.

Bryan, it sounds like you're in a tough spot, and there are definitely some red flags here, especially with the property already being sold and the lack of communicationYou mentioned the borrower has many properties across states.