I lost one once that projected great return because i requested an estoppel before accepting the offer.  

If you plan on doing a lot of value-added projects.

I am in Milwaukee, very hot rental market.Whenever you have an issue like this, think with an XLS and project dollars, for example:- 2 months lost rent: 2 x $2000- 5% lower purchase price: $15,000 

To start with what I have to offer, I am a facilities director and project manager.

Many who want to scale  fail to take this into consideration,  take on too many projects at once, have no capital to advance the construction and ultimately get stuck in mud unable to advance any of their projects.

My current 90 home project has split  zoning  half the lots are zone one thing the other half another but I do know what is what.

I had to fund well beyond the original note to get the project done.

. —- Again I’m not saying you have to do these things; it all depends what type of investor you are and what you are looking for however it is important to understand that if you shift the responsibility of either identifying the invest property or managing or any other aspect there WILL be a trade off — in this case the turnkey company has delivered on your goal of 8-9% ROI (projected... so TBC) and in return you have traded some of the other benefits of investing in RE for the convenience of not having to do much more than to look over the properties they have sent you and funding it from the comfort of your home, office, etc. ... again if this is the goal then you are on point but if the goal is to also partake in ALL of the other benefits of RE then you should understand that and not be surprised that it’s not a ‘stellar’ investment that checks all the boxes.

Those records not only helped with tax filing but also guided future projects by showing what provided the best ROI.

Also would love to know from other members how much they spent on the last project and what is a good contigency to put on the final cost for a first timer.