I guess I better start paying attention to the flags on the road and get onboard.

I live on Long Island and my only two available options seem to be NYREI (Syosset location) and The American Real Estate School.

Seems like this would be a big red flag that this person is not a serious investor.

REIS -3.39% Overall, about 15 million of the nation's single-family homes were rentals last year, up from 10.8 million in 2005, according to Zelman & Associates, a research firm.Meanwhile, foreclosures and other distressed sales accounted for less than 15% of all home sales in September, down from 21% a year earlier and 33% at the peak of the housing bust in early 2009, according to CoreLogic, CLGX +0.24% a data firm.The new homes-turned-rentals can be found both in new subdivisions or built on lots in long-standing communities.Colony Capital LLC's Colony American Homes unit has about 1,000 newly built homes out of a total portfolio of 15,000 rentals.

You need to look at the Fair Housing Act and Americans with Disabilities Act.

FCRABy 2003 more were added:The Red Flag Rule (not fully adapted until Jan 2010)The Safeguards RuleThe Disposal ActEven later:Privacy?

@Steven Hamilton II can provide feedback on why 0% interest is a problem for the seller and raises red flags for escrow.

Sounds like the PM is for some reason trying to protect the tenant vs protecting your best interest when you are paying for the PMs services which to me would be a red flag for me.

I talked to both Modern American (mentioned above) and the National Real Estate Insurance Group (http://www.nreinsurance.com/ - one of their owners posts regularly on BP) for a commercial policy for 5 of my properties in the midwest.I ended up going with Safeco (owned by Liberty Mutual).

She is saying the buyer wants to back out ( this is a short sale) and if I want present an offer.The property is listed for $40K in the MSL , and according to her the escrow this buyer has is $20K ( 50% of the value) Red flag 1?.