a dark gray with white trim and red door

That would be a big red flag for me. 

About 2 miles south you've got Deep Ellum which has a lot of history in our city and is also in the process of being redeveloped.

If you were to show this to a hard money lender, it would be a huge red flag, indicating lack of due diligence and/or lack of experience.It appears that you are looking to not only cover 100% of the project purchase and rehab, but also walk away with money in hand for "spending"?  

She also mentioned a couple things that were a red flag when we spoke.

@Andrew K.I would recommend  Redding and Weir, they understand the legal issues that go along with setting up entities for Canadians.Their contact is below :David C.

If someone tries to isolate you and pull you offsite that is an immediate red flag.

He's knee deep in two other fix & flips and ran out of rehab money so he's willing to sell the property I went to look at - which has been vacant and pulling money out of his pocket since he bought it.

Roberta your going to put the poor mid west and deep south investor into apoplectic shock LOL... 985k for a 1200 sq ft fixer in Sunnyvale..

That would put you in the red and it would be too slim for me to hold.