Also welcome thoughts on the general area, future development, red flags. 

Purchase price: $135,000 Cash invested: $30,000 Sale price: $260,000 1939 bungalow 2BR/1BA on 1/3 acre with three apple trees, four plum trees, one cherry tree as well as red and white grapes, plus a 300 sf outbuilding.

Are there some 'red flags' that I need to pay closer attention to than a deal listed on the MLS?

(and forgive me if this has been answered elsewhere) "do any of you folks who are wiser than I have any ideas about how to finance a home/fixer/multi-unit outside of the 2 main players?"

Red flag I know.

If you’re not finding much about the sponsor, that could be a red flag.- Ask for references: Email references and set up a time to call them.

Hi,My name is Kieran and I am a Red Seal Journeyman electrician currently working out of Penticton, BC. 

There are several red flags with this proposal. 

These large players understand how much harder it is to run a building successfully in a small market with limited resources versus in a large market with lots of resources where the wind is at your back. 

However, new property owner #7 wants to build a house and put it on the back of the property where the red box is located and use the private road.