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Former general contractor Mike from Seattle, a small-time real estate investor, and internet sheriff, shares his insights on red flags to avoid in contracts. Drawing on his experience in construction and law enforcement, he lists five key warning signs that signal potential trouble, scams, or losses in business deals. These red flags include aggressive sales tactics, lack of clear communication, refusal to provide references, demands for upfront payment, and pressure to sign contracts quickly. It is essential to heed these warnings to protect oneself in business transactions.