2) Are there any “zero tolerance” red flags that make you walk away immediately?

Regardless of whether they're actually willing or able to work with me at the moment, they can still serve as a source of information and guidance.

If someone came to me and said invest here but they aren’t investing there as well, mmmm red flags all day long.  

With the Lower Mainland red-hot housing market showing obvious signs of slowing down, there are opportunities to invest in our own backyard, from the Fraser Valley to Lake Country. 

He is active on BP and has originated several loans for me. At

.- The red lines are my annotations, which show the recent inventory for June.

All the success stories I hear related to this tend to involve much older properties.As their agent, when you go into contract on the initial purchase, I'd put it in writing that they are aware the space is unpermitted and they should be prepared for the following:- appraisers may not give full value for that space- if a building inspector is at the property for any reason, they can red-tag the space and either force permits to be pulled or have the space returned to its original form- if something happens to the property and an insurance claim needs to be filed, if there's any chance the problem could have been caused by unpermitted work, they will most likely lose that claimAnd, last but definitely not least ... when you go to sell, both you and they should be putting it in your disclosures that you're aware the space is unpermitted and that all the work was done by a previous owner.Good luck!

I just bought a duplex today by the university.If you look at this post there are maps posted with red outlines of good areas to invest.

@Yvette Valencia I think if you don't want to go there and collect rent that mit be a red flag.the 200 in cash flow mit turn in to 0 if there is alot of repairs.

@Pratik P.My thoughts exactly.... not that much meat on the bone.