Start by noting the date of the furnace and air conditioning unit—old units may need to be replaced.Some mobile homes were not manufactured to have air conditioners, so it should be a big red flag if you see window air conditioner units.

Disappointing to hear that the 8s are high, but at least the numbers still cash flow and we're in deep on this deal, so I'll consider my options here and consider what a re-finance looks like later.Appreciate your input guys!

A big red flag is their job at an apartment property managment company:- What is their job history in this industry?

Who will do that red tape, plus any local tax prep for each shell, as well as any State required forms and fees (ie.

If it did, I would go on linkedin and see what experience they had (for example that apple... company in TX had asset managers who were overseas VA's  - curious how many of those investors knew that and could have spotted a thirty second search would have created a red flag).5.

Changing things after you have already started the business throws up a bunch of red flags.

Or if you have other syndicator recommendation feel free to let me know.Praxis Capital/Vantage point acquisition/BAM capital/DLP capital/SPI advisory/Disrupt Equity/Elevate commercial investment groupCapital calls are a red flag to me and I heard rumors that SPI advisory and Elevate commercial investment group have capitals in last two years but couldn't confirm this info.Planning to do three syndicator deal in the next year to deploy all 1 million if I choose this path.

That company supports foreclose bidders they produce a document daily on all the sales with same info I mentioned above and color coded certain props with extra caution Red or Green for ready to go bid with confidence. although this created uber competition. 

Seems like a red flag if you ask for it. 

If there is no problem then the HELOC will provide more flexibility since the cash out re-fi may yield more proceeds after improvements when applying the 70 or 80% LTV limit whereas you might get improvement proceeds from an investment loan but you won't want to because there will be a lot of red tape, inspections, draws, lien waiver compliance and a lot of other crap they load onto improvement loans on investment property.