If you sell a property in SF as part of a 1031 exchange and then try to use some of the 1031 proceeds to make improvements to ANY property (whether you already own that property or not), the IRS is going to throw a red flag. 

Is this a significant red flag or a sign that I should walk away?

With that being said, certain industries will feel the effects of the red tape for longer, and those should be evaluated (eg. airlines).

The updated zoning allows it to have MUCH higher density and it is right on the main street.

Suffice it to say that any gas utilization equipment found to produce elevated/unsafe levels of carbon monoxide in flue gas is normally considered sufficient grounds by the gas company to shut-off gas to the property in addition to 'red' tagging gas utilization equipment responsible until such time the condition is addressed and no longer considered a threat to the life and safety of the building occupants.CO Poisoning Goes Virtually Undetected in a Professional Office EnvironmentIt's a cold, sunny Saturday afternoon in February and I've been given a reprieve in the weather thereby allowing me to use an outdoor scissor lift to safely access/observe a flat roof 24-foot above the finish grade (pertaining to the property for which I have been hired to conduct a PCA) without having to contend with rain/snow and below freezing outdoor air temperatures preventing a visual inspection of the roof much less conduct a higher level due diligent assessment of package rooftop units since gloves cannot be worn as they tend to interfere in attempting to access hidden system components such as air filter elements, blower fan motor assemblies, serpentine tube heat exchangers, etc. typically concealed from view in conducting a baseline PCA.

Imagine running your annual numbers and all of a sudden you are in the red..

If that seller has anyone review that contract then that $1 becomes a major red flag and hurts the wholesaler’s credibility. 2.

Warning: no study in 14 years is a definite red flag particularly for a condo.

If that’s outside the comfort zone, then it’s time to stay on the sidelines.For the record, I’m on the sidelines for the next 60 days, or maybe longer.

In order to establish a condo, there's some red tape with the state, @Mason Hickman.