We needed the "red Permit."

I’m that that homestyle offers:Lower interest ratesMore flexibility Less red tape?

Investment Info:

Single-family residence fix & flip investment in La Crescent.

Purchase price: $239,500

Cash invested: $47,900

This is our next Live-In Flip... We did a complete remodel on this h...

When the tenant does this repeatedly that is a red flag.We always have a clause in there that says, we don't close until we can see the entire property.

No one raised a red flag.

These things are all red flags I know will be raised in the next step with the FHA inspection.Main concern really are these tenants, if I can’t move them out, I can’t:a) get full rent to make mortgage b) I can’t move in myself under the FHA 203K rulesc) obviously not address the major issues properly?

If you do choose to take it there are some strings/red tape atached to receive it, welcome to US government programs. 

I did condo conversions in Southern California and conversions take a long time and there is a lot of red tape whereas you won't have the same issues to covert to multifamily.

If the investment has professional administration, you will have access to the answers to those questions, but also much deeper vetting of the sponsor that will include personal background checks covering things like bankruptcy, judgements, litigation, criminal history, and other red flags related to a sponsor that you would want to avoid, plus other items that investors rarely consider like ensuring that the properties are actually titled correctly.

This siren's song of security just might be a red herring.