Buying property in Little Rock, AR 72204
Anyone know much about this zip code? - Little Rock, AR 72204
I'm in situation where the turnkey management company that I've approached is claiming that this property is a solid neighbourhood, but of course I'm taking it with a pinch of salt. I've poked around, and it looks like they just bought it a few months ago for about $50K and are now marketing it as close to double the price, after re-doing up the place with brand new fittings.
Because of the brand new fittings, the company is estimating rent to be about $1000/month, which seems "way too high" (as per rentometer.com), but they claim that there is an approved tenant moving in soon.
Is this typical of everyone's experience with turnkey companies? Are there questions that I should be asking?