Thanks, it all sounds good as long as I can avoid paying hefty taxes and generate cash flow.

Read this first: https://en.wikipedia.org/wiki/...Willful violation of the TCPA can result in fines of $1,500 PER CALL - and there's a long line of lawyers lined up, waiting to sue you, like:https://www.schmidtandclark.co...https://www.classlawgroup.com/...https://www.classaction.com/tc...And lots more.Maybe re-think the cold calling and SMS approach.

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.

I was speaking with a man who has a long history in lending and working for a bank, and he was poking some holes in an investment strategy I was formulating.

Very long winded, but again not exactly sure how to ask this question.

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).

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

How long have you factored open occupancies? 

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.

IT seems they have been around for a while, but not that long.