Red flags;4/40 cents on the dollar is an amateurish term, it is 40% LTV.You're putting no money into it, you have no skin in the game.You plan to have it vacant for a year to try and get cap gains.  

Local guys using Nevada corporations always raise a red flag for me, as scammers do love anonymity, don't they?

Hi there @Nate W.I have also not heard of that company but i totally agree with Jeffrey Breglio comments above.Based on your description above, i see RED and RED and RED flags everywhere based on their zero responses to your inquiries.

There is not much of a spread between asking price and ARV, that already throws up a red flag for me. 

SBA's regulations on leasing require that the small business occupy at least 51% of the rentable property if the 504 project is for an existing building and at least 60% of the rentable property (with the intent to move into at least an additional 20%) if the 504 project is new construction.Eligible Borrowers: For-profit, non-publicly traded businessesTangible business net worth (including affiliates) not to exceed $15 millionAverage net income of the business not to exceed $5 million over the previous two yearsOwnership must generally be comprised of 51% U.S. citizens or Legal Permanent Residents (some exceptions apply)Examples of Property Types Fountainhead Finances:Medical offices or medical facilities (such as labs and clinics)Office buildings (including office condos)Warehouses (and other industrial properties)Day care facilities (for children or adults)Free-standing restaurantsLimited-service, flagged hotels (some unflagged destination hotels will be considered)Auto repair shopsAssisted-living facilitiesCall to ask about many other property types that are eligibleIneligible Borrowers: Non-profits (except sheltered workshops)Passive holders of real estate and/or personal propertyLending institutions (mortgage brokers and correspondent lenders are eligible)Life insurance companies (franchised agents are eligible)Businesses located in a foreign countryBusinesses selling products or services through a pyramid planGambling concernsBusinesses which restrict patronageGovernment owned entities (excluding Native American tribes)Consumer and marketing cooperatives (producer cooperatives are eligible)Businesses engaged in loan packagingBusinesses that have previously defaulted on a Federal loanBusinesses engaged in political or lobbying activitiesIneligible Use of Funds: Working capitalInventoryRolling stockBusiness “good will” or “blue sky”

Tried to research taxtitleservices.com and seems shady, when trying to find out info links to another site and that site had page errors and all sorts of red flags... 

I'm looking into a duplex right now but there is a giant red flag with the utilities...The tenants pay the gas but the landlord is responsible for water, sewer and electric. 

I find it hard to believe that a tenant occupied property being sold at BK sale wouldn't raise a bunch of red flags on an FHA loan.

Potential tenants don't have to agree to provide any of the above information to you, and when they don't... you should consider that to be a red flag.

It will raise a red flag at the very least.