Another huge red flag.Hope this helps.

Does the historical society in a certain town have a huge issue with ripping down old falling down red barns and fight people in court over it (Leaving the owner with an eyesore and a dangerous item on their property that costs them insurance carriers every year)? 

@Annie Li  This is a BIG red flag.Your contract should state that the property is to be delivered vacant and broom-clean. 

Sellers are just looking for prices that we just don't see enough meat on the bone.

😱A ton of red flags here! 

How are you validating your renters because he’s a huge red flag! 

A great agent will bring up and address things you haven't thought of, good and bad.They will have ideas for physical spaces, ways to increase income or reduce expenses and bring up pitfalls or red flags to address and account for.I am still seeking said agent.

Essentially, the bank is capping me at an LTV that makes it necessary for me to do one of two things:  Sell the shovel-ready development site to another builder, or 2) Bring on an equity partner to bridge the gap in my financing.  

Somerville is red hot, I think the only play I would make right now in the ville at this point would be to try to find a value add multi that I could add another unit (RB zone with enough land sq ft).

What are the big red flags I should be looking for?