While they are fairly big outfits, having over 150 evictions annually is a bad sign.

These types of outfits typically are doing this on the side and not in the long haul, thus not making good strategic partners.

I can unhesitatingly tell you to get in bed with a local outfit if you want to buy fixers, and to go building-by-building on your estimates.

SFH are always going to get more $/ft2 than MFH, but the multi will likely cost you more (especially if you are outfitting to the same level of details), as your building two kitchens, two electrical systems, two piping systems, two HVAC systems, etc.

B2R and Lima One Capital come to mind and I know of an outfit out of CA that does the same thing.

that's a good question Curt.. but I suspect they can just work that into a contract with the turn key outfit that is working through them .. they are just a broker.. and seller and buyer can have warranties is they wish.. 

Account ClosedCan you clarify that you are considering buying this from an outfit that is marketing their properties as turnkey or simply some landlord/owner that is selling their investment property?

You will get the minimum 50% if you select the best shop for training and mentoring, but it is well worth it.Once you have learned the skills you need (at least 2 years), seek out a guy like me (in VT obviously) who has a tiny outfit, but can pay you more of a split because the "little guys" costs are much cheaper than the Big Box ones.

There are some good outfits (and many not so good). 

Check out these folks... http://www.noradarealestate.com/  They seem to be a legit outfit and I have been having conversations with them for quite some time.