HML telling you to pay $3,000 up front for access to their software and services is a major red flag for me.

Absolutely any advice, red flag alerts, creative tips, other perspectives will be received and appreciated! 

Kyle,Probably the best way to vet them is by speaking with other real estate investors and listening to their experiences.Two other red flags would be...1.

I vetted their history as standard and no red flags came about aside from them being private contractors.

If they do not have references they may be new so tread lightly, and if they refuse to provide any references, this could mean they burn bridges on each deal and is a red flag.

Listing agent says tenants have 800 credit score, but I think this is a red flag!

Keep asking why until you get to the root reason.

I received a general e-mail this morning from FCI alerting note holders of a Final Rule from the CFPB that affects private investor owned notes with borrowers that have been affected by COVID.The CFPB Final Rule amends RESPA and requires note servicers to comply with "procedural safeguards" prior to initiating foreclosure between August 31 and December 31, 2021.Exceptions are loans that were 120+ days late before March 1, 2020, loans where statute of limitations expires prior to January 1, 2022, or if borrower abandoned property.Bottom line: it looks like there will be more red tape navigating "procedural safeguards" if you want to foreclose on a loan that became delinquent during COVID.For more info, try googling "CFPB Final Rule Part 1024 - Real Estate settlement Procedures Act (Regulation X)."

You offered that number, but he had to go talk to his "partners" IE spam his property for a much higher price and see who bites before finalizing with you.HUGE RED FLAG.

Go Red Sox!!