Turnkey Properties still not rent ready

[Michael Prakash]

In July this year, I invested around $160,000 for 3 single family turn key homes in Farrell and New Castle, Pennsylvania with a foreclosure company. To date the properties are still not rent ready It is close to 6 months since I purchased these properties. I am paying thousands of dollars for these vacant buildings for water, gas, electricity, oil, insurance, taxes, sanitation etc. These hookups were made under the assumption that the homes were almost rent ready. One of the home's water bill is for $1607 for a month and a sewer and Sanitation fee is for $700 for a month for the vacant property. Could anyone suggest what recourse should I take? These investments were made from my IRA Funds.

[Tom Ott]

Originally posted by @Michael Prakash:

In July this year, I invested around $160,000 for 3 single family turn key homes in Farrell and New Castle, Pennsylvania with a foreclosure company. To date the properties are still not rent ready It is close to 6 months since I purchased these properties. I am paying thousands of dollars for these vacant buildings for water, gas, electricity, oil, insurance, taxes, sanitation etc. These hookups were made under the assumption that the homes were almost rent ready. One of the home's water bill is for $1607 for a month and a sewer and Sanitation fee is for $700 for a month for the vacant property. Could anyone suggest what recourse should I take? These investments were made from my IRA Funds.

 WOW. If the home is a true turnkey it should not be transferred until all renovations are complete.