Turnkey Investment for Multifamily Properties

[Murray Reginald]

Hi BP,

What is the best strategy to use when buying a turnkey property? How much profit are the turnkey companies making off of the deal? With that being said I realize analyzing the deal is crucial, but this will more than likely be a new build with a warranty so what numbers should I run? (i.e. Repairs 5%, Vacancies 5%, CapEx 5%, Property Management 8-10% etc...) I am looking for a Multifamily property to make passive income to eventually retire withing the next 10 yrs. is this possible?