Typically I love seller financed deals but sometimes it's a red flag andCould be a concern if the seller can't sell in the open market without it.Is a concern at that point I should say.

I am trying to evaluate the financials of an HOA community and I was wondering if anyone has a rule of thumb for cash reserves or any other items that could be a red flag to investors?

if the properties are the same square footage does it matter?

I've never purchased this flooring before so I was interested in knowing what other rehabbers typically pay per square foot.

What is the total square footage of the building?

What should I look for as discrepancies / red flags as I pour over the financial records?

The parcel measures 12,200 square feet or a little over a quarter acre.

The big red flag to me here is the assumption that the local gov will accept 10% of the lien.

Does anyone have red/yellow flags they would raise to doing this?

Well, frankly, even with my experience I doubt I would get to a comfortable position to buy these notes in Ohio for the valuation aspects Dion pointed out.If due diligence for NPNs were stated in a flow chart it would take a book with each page having fold out pages 4 fold, if you took each of those 4 fold pages out and placed them edge to edge, top to bottom, I say those pages would cover about 1800 to 2000 square feet.