And few things Americans buy into like hype.

Account Closed  I believe the name will stay on the actual mortgage but the name will change on the deed which I've heard can raise red flags to your bank.  

If I wasn't living in this property, than obviously that's a HUGE red flag.

but if your in a state or city with no real appreciation or depreciation like we see in many neighborhoods that turn into renter dominated areas and the prices crash.one thing though regardless is it forces us American homeowner to save money..

--but kinda raises red flags for me.

If they balk, it is a red flag.

This is all a red flag for me, but we really like the unit, and here in south FL it's really hard to find a place without an HOA. 

Also, what red flags should I watch out for?

The real price of housing, at least in the American market, was actually fairly constant throughout the period from 1970 through 2000.

When you get into home office deductions you start to get into red flag areas.