Turnkey Questions

[Rob Randle]

I came across a local company that has a listing as follows.  It is a new listing and hasn't been on the market long.

3 BR / 2 BA

Purchase Price: $75,500
Estimated Repairs: $12,000
ARV $125,000
Local Rents in area: $1,400

This listing is in a nicer area and looks like a deal.  Obviously I would have to do my due diligence with these numbers to verify.

Do these companies do the repairs themselves?  Is there anything that I should look out for with companies like this?