The numbers fitted our spreadsheet Almost zero unforeseen Red FlagsTotal time was twice than expected.

Another tip would be to check Trulia crime maps and google street view to make sure there are no red flags that would make it an actual D neighborhood instead of C.

It didn't sound right to me at the time, but being new(ish) to this I wanted to make sure.

Tomer,  Will you be around the Red in July?  

Should this be a red flag to hold off?.

You can get a 30 year am with a national lender, but more red tape in the lending process.

And I've done so.However, in retrospect, I got small red flags with this real estate agent all along the process.

It's up to me to make a proposal.My current plan is to propose 17.5% down, going in with an equity partner (me at 2%, equity partner at 15.5%), on a 3 or 4 year balloon amortized over 30 years @ 5%.

With a 203k loan there will be delays and red tape.

You can't purchase an owners title insurance policy after taking possession -- unless a full title search is undertaken -- and at that point when an owner requests this the red flags are already flying high.