Ok huge red flag.

I would take that as a big red flag unless, like Michael said, there are quick gains to be made.

And Go Red Sox I'd sure like an LA/Boston world series.

Sadly, the only thing that ever worked for me cutting through unnessessary expense and red tape happened by accident:See HOA NazisHave fun!

When Netflix came out in 2002 I saw they offered movies Blockbuster didn't and my friend were all getting these red mailers- and bought in at $15. things like that.

Additionally, the land surrounding the property is a registered national historic site (more red tape to developing) with a recently paved walking path that is becoming popular for people exercising (no windows look out onto the path).

Borrowing money from other investors can take you out as an investor and put you in the business of dealing in notes.Getting into notes with other investors, sharing in a note, you could be paid equally if things blow up, but there is no way for each party to be equally secured, someone has to be in front of another when you have more that 2 sharing that milk shake, neither one gets all of the last sip.Substitution of collateral being allowed, this is a huge red flag as such substitutions need to be and remain equitable, values must be verified and not at the whim of a broker without approval of the investor.Recourse or the ability to collect your money in the event the note seller made a material mistake, error or in some cases intentional acts including fraud.Lastly, notes are made, funded as legal obligations, they are subject to law.

What are some of the BIGGEST RED FLAGS when you consider a home?

Don't miss The BiggerPockets Podcast - they are great for learning how others are finding success.By the way - here are my favorite articles on Wholesaling:9 Reasons You Couldn’t Find A Buyer For Your Wholesale DealDon’t Start Wholesaling Until You Read This: Wholesale Advice from a Fix and FlipperHow to Start Wholesaling: Getting Past The Education and Into the FieldOh - and be sure to set up some Keyword Alerts- especially for "Red Oak" so you'll be notified when people mention it here in the forums.Thanks again for introducing yourself!

Bigger investors in Memphis have people on their payroll to watch the MLS, so if its on the MLS after 45 days a red flag should popping up in your head.