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Your cap ex will catch up with you.  

We have regular evictions at this scale and they typically will take a few months up to six or seven months if the tenant contest/hires an attorney.

Quote from @Patricia Steiner: There are several lenders who offer low/no closing cost options for first time homebuyers.

When you do the turnkey offerings to completely new investors like that, you're going to end up working with a lot of inexperienced investors who blame the turnkey operator for things that are a normal part of the property management business.

Far more costly to transfer property at a later point than simply purchase in an LLC on day one.

Already has some electric and plumbing hooked up.  

If you get 1% to get an appointment / follow up call and close on 1 you are winning. 

One thing that I screwed up a few times was this - don't do everything the way YOU like it, try and think like everyman....

Now more than ever, I am seeing offers required to be submitted through a portal where the listing agents want no business being involved with up front negotiations.