What do you look for as early "green lights" and "red flags" when analyzing properties for the BRRR strategy?

You might want to interview Kevin Schaben of Red Key Realty.

I don’t know those markets like I know the Merced market, but the Merced market is RED HOT.  

I believe you can get 15% down, but not sure though.Homestyle vs HMLHomestyle will take longer to close, 30days, probably more since it is more involved than a traditional loan. contractors may have to do paperwork and be approved lender.Interest will be much cheaper than hard money, closing costs will be less but much more red tape.A HML can hypothetically give you 100% financing on purchase and rehab, but more likely 10% to 20% downpayment from you is realistic.They will usually close in a week or so. you probably will just need to submit your rehab plans to lenders.

Is this a red flag or something that is common? 

My question is what do you all identify as red flags and green lights to help point you in either direction?

If they don’t perform for three to four months I can fire them and revert back to traditional buy and hold with the bigger established PM company but they retain 49% ownership.As an Airbnb prelim math says I will be out of the “red” in 2-4 years.

Lower home insurance and the other benefits of a new build.I just wanted to hear what the community things and if there are major red flags to putting more than 25% down.

I've heard mixed opinions on this, I'm trying to see how much of a red flag if any that creates. 

This stands out as a red flag to me:"The owner said he doesn't have monthly financials to share with me."