So in theory I could save a big chunk of upfront capital by not going with the turnkey company, and in return I would have to spend the time to research and vet the agent and PMC.

If you paid under $230k, you’d save $30k in federal capital gains taxes and maybe another $15k or more in state income taxes.

Figure out the state and federal capital gains tax and depreciation recapture after selling costs.

Where these numbers are found, there is a very high rate of rent actually being paid.We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

We want to detail the responsibilities, capital contributions, profit and lost sharing percentages, decision-making process, have dispute resolution methods, and exist strategies.

Be careful about feeding additional capital into syndicates with short-term loan maturities if the only plan is to negotiate lender maturity extensions for another year. 

If you can save money and renovate and the ARV allows you to pull your intial capital out sooner, I say go for it!

Then you get to pay capital gains as well.

@Scott Suryan we've review REI Nation's processes and met Chris - if we ever did turnkey, we'd model it after their systems!

I'm not sure how much capital growth is left in the tank given the already high prices though.2.