The industry keeps hearing a lot of buzz about the biggest real estate player in town - Keller Williams - getting into sanctioning / sponsoring a property management faction of their real estate sales franchise. 

No red lights, quiet streets, a ghost town of a downtown made up of a few dive bars and abandoned buildings.

I lay it out on my screen and color coordinate whether or not the full lease payment has been made, who made their payments, Green is Good, Red is Bad, The Dates may be in Blue if the payment has been scheduled but has not been deposited just yet because of the 3 business day gap, etc.When I started using Electronic Rent Collection, the one problem I had with doing it this way is make sure that the service deposits what they say they will deposit in the right bank account.

Sometimes they do not and just were lucky.Unaccredited investors tend to be unsophisticated, pose more liability to a sponsor, require more red tape and paperwork, tend to only have enough capital for one deal, etc.

He mentioned rebuilding the wall under the window and shoring it up really well with 2x4's and then making forms for a concrete fill in, making sure to put a water barrier, such as red guard on the old adobe surrounding, to avoid moisture from the concrete, dissolving the adobe blocks inside the Plaster walls.  

That would put you about $3k/year in the RED.

It is a red flag when someone joins meetup groups and on the very same day causes emails to be sent out to large groups of people.

He is knowledgeable, knows the players in Cook County, and is priced very competitively. 

When considering a flip property, is a former meth lab an obvious red flag that should never even be considered?

Everything for the permitted property required additional fees, testing, more fees, ripping out good for bad, more time, extra ridiculous Gov't style red tape.