There are some red flags in a house, such as foundation, electrical, and plumbing, as you mentioned.

However, as you're all likely aware, the markets are red hot, making affordability in most areas an issue.

Some may require a few things mentioned above, but there is less red tape overall, plus the ability to close fast is through this finance source.

It is like asking whether blue or red is a better color. 

Then I was handed a copy of "Rental Property Investing," with a tall, skinny, slightly awkward looking at the time (no offense), long red bearded guy on the cover.

With that being said, it could be a red flag for the IRS.

@Chris MasonThank you, I’m definitely going to contact other mortgage brokers and see what they have to offer, but can you give me an idea as to any red flags that indicate I’m going to be led into a bait and switch funny business sort of deal?

A loan origination fee paid prior to your loan even being approved is a red flag, and something often seen with scammers.Not to mention that real private lenders are simply not out there randomly approaching strangers on the internet and begging to loan them money at 100% financing and 6% interest, especially when they haven’t even seen the details of the deal yet.

Anyone see any red flags with this?

With the red-hot local residential marketing, my new focus for this year is pre-foreclosure and foreclosure small multi-family buildings (only 2-3 units) in the $100K-$300K range.