Waiting period if you get flagged. Same name as someone else, wrong address, misdemeanor, felony, lol.
This. Very common
From the OP "Then he told me they just document the store location and the price and they can call it in and if it clears I can buy the gun, bullets and even a holster all in the same day because they don't have a hold period."
That sounds more like they wait to verify the price match. If someone gets flagged they have a certain amount of time before the FFL can release a firearm, correct? And they can't release it immediately if he gets flagged?
This thread is giving me a shingles outbreak...