Either your rehab estimate or your sales prices are off from theirs.I will say that I'm always hesitant when I see people quote the assessed value in anything other than maybe to show what it used to be worth or how much they're paying in taxes.The fact that your fast sale price is almost the same as your assessed value is a bit of a red flag.

The days of spilled beer and late night boat parties are long gone, and a $500 million project twenty-five years in the making has finally yielded an 18-story, 450,000 square foot riverfront office tower together with three restaurants, a 150-room Aloft hotel, and a 1200-foot boardwalk, all opening this week.

If he assumes you will apply the same security deposit from Tenant #1 towards him, then that is a BIG RED FLAG.

It has never been an issue for me.On the other hand, for consideration, does this present a red flag for government agencies who may be concerned you may be dealing in or offering securities.Just a thought.I agree with getting legal advice.

And just looking for a change- a straight forward process that isn't full of red tape and they wanting to know everything including my blood type. haAnyway guys, I am just trying to get creative and brain storm for a solution.

If this is slow to be produced, red flags are exposed.I also recommend a detailed website.You are not only marketing this property, you are marketing yourself.

So it will affect financing.2) The tax office only value it at about 30% of the price is this a red flag?

To add to Jon's suggestions:-- If the neighborhood is on the decline, big red flag.-- If the average age of the people living in the neighborhood, this could be a problem for numerous reasons.-- If crime is increasing, another red flag.There are reasons why the seller wants out.

When I hear you want to get money out, it sends up red flags for me that you are trying to stretch to much.

This is a red flag area and the number one way lenders catch on that some interest has been conveyed, triggering the due on sale as they see the new insured.