I would rather have the $5K immediately in my reserves and have my mortgage just increase $20/month.My agent also brought up that the lender may throw up some red flags if we dink around too much after the inspection.The seller sets the price. 

I am currently flagging distressed properties with LandGlide in a zip code that I researched on ListSource.

Red flags EVERYWHERE.....It was a hard pass in the first couple of sentences and then it just kept getting worse and worse....

It’s hard to tell how good the quality of the data is without being active in a market for some time but it should at least flag any major discrepancies in your underwriting.

"i'll pay 12 months up front" is a HUGE red flag!

If the town does not have an as built or maintenance record this is probably a red flag.

If you are not working with a broker or agent that does not scrutinize every relationship for the return and time invested then you should have red flags come up working with them.The old saying "If you stand for nothing you fall for everything" rings true.I get investors contact me all the time.

I've lived in places with leaky basements before that didn't seem to be an issue but it did throw up a red flag.  

I'm also seeing inventory building once again which is a red flag for any investors.

Almost all are lower income rentals; a quick trip to the court house didn’t throw up any red flags on properties owned by him or his entities. 3)The second property used as collateral in this deal is in his personal name.