Bowed walls and leaning chimney are red flags too.Make sure you have a contingency for approval of the inspection report.When the inspection fails (pure guess but likely), you can reduce your offer significantly and walk if the seller is firm on the price.

I've talked to the county who is auctioning it off and she can't find any red flags but "if" one comes up it's on me.

Historically I have run in the red after depreciation so have not paid taxes.....may need to ask accountant about this one.  

You will probably find this overview of Tower Grove very helpful. 

Phewwww....a 4plex ANYWHERE for $55k is a huge red flag.

You want to pay special attention to board orders, high weeds/grass, and other "red flag" statuses. 

Yup I was right after looking at the particulars and past taxes for this house, it sends up way to many red flags.  

Looking around the neighborhood told a different story - the brick was originally red, and was painted over to get the more modern look. 

In Vancouver, WA we are connected to the Portland, OR market like a red-headed step child. 

Red flag on the lender?