Thanks everyone for the great advice. I actually shared your feedback with Norada, where I found the property, and they worked with the local turnkey provider to get a new roof, venting and soffits without any additional 3rd party inspections.
@Zachary C. This provider does bring a PM to the table but I actually hired Dennis and team at Rocket City after flying out to the area, meeting folks and getting some local recommendations. I saw the home while it was under construction but I didn't understand the roof issue (no surprise!) I spoke to Dennis yesterday and he is going to review all final repairs before I close. We've discussed the expected rent and he thinks the desired $850/month is totally doable. There is an identical home next door (same provider) that rented this week for $850 in less than 24 hours. Fingers crossed
@Chris Clothier Thanks for the additional insight on turnkeys. There are so many options out there and I've been trying to do some good due diligence. I found Norada through recommendations on this site but I also met with Spartan Invest in Birmingham while I was in town recently. I know your company is highly reputable as well. I'm trying to find properties over the 1% rule but it's not easy.
Wow, I've already learned some good lessons in my first purchase. I plan to keep buying but there is nothing passive about the purchase process. Thanks all!
