Are there any red flags or lessons on the larger flips that someone would share?

I thought about purchasing the property with cash but at closing placing it in a business associates LLC then selling it to myself under my name for $50K and use all of the incentive $ available from my job but I was told this would raise red flags due to a flipping law.

I saw a few "red flags" with the first bank, which taught me the lesson to heed the warning signs!

Plus it can offset his carrying costs while getting permits and other red tape taken care of before they can actually begin working.Would any of the tenants be interested in buying them?

But you must learn how to deal with this with a smile on your face, an up beat tone in your voice, and the goal of a positive resolution.80 percent occupancy is a possible red flag revealing some type of problems.

I wasn't sure about whether wholesaling off the MLS was realistic even if I could get it at a good price because of all the red tape.I'll just stick to finding deals directly from the sellers.Thanks Again.

I'll make a bold prediction here ... this guy will never pay you, and he will never sell you the house at a price that makes sense for a flip.

If the zestimate is well below my projected arv, it's a red flag.

That should help us better understand your abilities and goals.The research you have performed thus far is a good start and you appear to be seeing some red flags.

If they cannot answer these questions that could be a red flag to either dig deeper thru references or keep searching- What to Look for in a Property Management Company I would look up NARPM and start with them...make sure their business model aligns with yoursBe relationship not transactionalits a people businessQuestions to Ask prospective management companies What are your average days on market for vacant homes?