I create a nice Ad with directions for the interested party to PM me.If they message me, and ask questions already covered in the Ad, that’s usually a red flag for me.

Would be a red flag for me.

@Matthew Parkhurst If your payment is $300/mo and you can only rent for $500/mo that doesn't leave much to cover taxes, insurance, and what will likely be numerous repair bills given the condition.The biggest red flag I see, however, is the fact that it's been listed for 458 days and nobody else grabbed it.

A contrarian would say that's a red flag showing we're at a market top.

I'd firm up that # .In the last year or so insurance carriers have been declining to offer proposals in higher crime areas. 

I feel like if you had met them while showing the property you may have seen some red flags, or they fell off their rocker recently.

I can say with certainty that once the complaint is filed, they will get a very fast response and the government looking over the shoulders of the lender to ensure they are thorough and accurate in their response.One red flag I see is the non profit or third party being used for assistance.

Here are the numbers I am using and would a appreciate comments on any Red Flags or miscalculations.  

My friend has offered to help pay my down payment (on loan against the 'shares' of the building I went in with him on) and my lender tells me I have a good amount of wiggle room in how much I can borrow for 203k.Assuming the contractor bid comes in semi-reasonably priced, and there are no giant red flags I'm missing (toured it 4 times, 3 times with professionals, everyone has good things to say: it can't be that bad because it's a shell and there's nothing majorly wrong with 'the bones') should I still be scared?

What did you use to do the analysis, a website or spreadsheet@Derek Kirkwood I did see that misc 7%. which is a red flag for me. that report was sent by the agent .