Check out this reply when I asked him how long he spent closing his own loan.

AirbnB, long term rentals, how large is the house,  how many rooms... your message should be extremely specific.And do not neglect Pinterest.

Like any investment, there’s a learning curve—understanding which properties qualify, accurately estimating renovation costs to pass inspections, and managing typical real estate risks.Having a reliable maintenance and management team in place is key to long-term success.

I am interested in buying a long-term turnkey property in a nice area (I live in San Diego so this property would have to be out of state).

Quote from @Devin James: Im currently learning this lesson with New Builds that have taken twice as long to complete than anticipated.....Finishing a Real Estate project ASAP is critical because...1) Holding Costs add up quickly- Loan Interest- Property Taxes- Insurance2) Investor Capital- Our financial projections are dependent on how fast we can turn our investors capital.

As a long-term hold investor, I see this property as -$600/mo to -$800/mo depending on whether you use a PM or not.

What this tells me is Raleigh is likely better for long-term, conservative investments due to steady value growth.

If all three units are on long-term leases that don't expire soon, you'll likely exclude many potential buyers. 

Let's look at each:MATERIALSMaterials are actually the easier of the two to understand & monitor - as long as there's a decent amount of transparency about the materials needed. - Once an owner knows what materials are being used, they can then check pricing at Home Depot, Lowe's, etc. - Some materials for bigger jobs, like concrete, are harder to check pricing on.

Flipping, renting, or sitting tight for long-term appreciation-there is potential for anyone willing to do the work.