Turnkey Rental Fix and Flip Strategy

[Michael Wyatt]

Hi - looking to connect with those who have bought a rehab type property with the intention to place a tenant and sell as a turnkey rental to other investors. Specifically have the following questions:

1. How do you determine ARV/sales price? Assuming the rehab and finishes will be more rental grade. Are you running comps both on recent sales and also on rents to see if it will cash flow for the future buyer?

2. How do you connect with buyers? Do you list on MLS or try to build your own buyers list similar to how a wholesaler would go about this?

3. What is most important to turnkey buyers - cash flow, recent updates to property, current condition of the property, neighborhood, do you want a property manager in place or do you want to bring your own, do you prefer the tenant in place or find your own, etc.