There's the down payment, the closing costs AND the delta between what's left on the loan and their offered price.AND don't forget the time involved to assume the loan.

Go with Hostaway, great cost-benefit, and it's integrated with Turno as well!

Also, this new investor could have been exceptionally exaggeration of the ARV without mentioning the rehab costs and the disposition cost after completion.

Even if the first deal "costs" them money, it is the cost of education and they are better suited for the next.B) Of the handful of turnkey providers whose websites I have been to and deals I have looked out, let's just say they are certainly painting a VERY rosy picture.  

@Karim Wahba, to add a little color to Chris's comment: the typical syndication costs between 10 and 15k to setup.  

We have had Bad deals, that we still made a lot of money on, because of our financial analysis and looking at potential cost over runs, occupancy slippage, locked in interest rate, and market rate slippage.

I just got my GC license and want to buy a property to remodel it myself to cut construction costs.

Circumstance of needing a place to live with the intent of selling for a profit mitigating costs How did you find this deal and how did you negotiate it?

So having said all that, properties that attract high quality tenants (location, location, location) cost more and have lower returns.

I would do nothing with it right now as the cost to borrow it is too expensive and real estate returns have been compressed.