Starting out with Turnkey investment - questions

[Joel Fernandes]

Hi,

I was referred to a turnkey provider in a certain market, by another company called a "turnkey promoter".  I was disclosed that the turnkey promoter would be getting a fee, if they successfully sold me a home there.

I am curious if this "fee" is the same as a "buyer's agent commission".  My question is - Is the fee the promoter is getting, the same as a "buyer's agent commission"? Is there any difference between the "promoters fee" and the "buyer's agent commission" as far as the paper work goes?

One more question, Is it common to not have a tenant placed at the time of signing a contract for a turnkey property? I am told by them that - it is common not to have a tenant already, since the houses are in demand, so by the time they finish construction / rehab, people are already trying to buy the property. Is this true?  I really want a property that is already generating cash flow.  I am also told that since the mortgage payment is at the end of the first month (basically you don't pay for the first month), there is not really an impact - what do you think about that?