This is why I prefer the cash-for-keys approach.

Having a solid relationship with your property manager is key, but you also want to make sure you're not being overcharged.

Consistency of your evaluation criteria is key for staying out of trouble.

And if you build it the right way, you can always fall back on the long term rental strategy here too.Location is always key here.

Key Deal Points:Loan Amount: $88,000Lien Position: 1st position Purchase Price: $120,000Appraised Value: $250,000Interest Rate/Return: 11% annual returnTerm: 5-year balloon (meaning the entire principal and interest must be paid at the end of the term)LTV ratio: 35.2%---Licensed Lending company for contractsRMLO package completed on buyersServicing company for payment

I was talking to one of my Turn Key providers I have funded over the years just yesterday..

so there is still a tremendous, tremendous demand component even without the same population growth.

And considering I think a person who puts in plain black and white that integrity and character of the operator are key -- and then does something underhanded and incompetent is just mind-boggling to consider -- so I'm only left with a negative feeling about the documents these darned attorneys dream up! 

What is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

Now have a portfolio of 6 properties with some that are owned others just managed but turn key operation for sure.