It's very important to have a good PM and not go cheap or there's a high chance your rental will get poorly managed and you'll lose money in the long run. 

It really highlights the value of having strong partnerships, effective marketing, and a sharp eye for profitable properties.One takeaway here is the importance of leveraging connections and networks to identify similar quick-turnaround opportunities.

The article below sheds light on how DSCRs come into play with the BRRRR method.

For those still wondering why mortgage interest hasn’t moved down alongside the Fed’s recent rate cuts, check out this WSJ article: If the Fed Is Cutting Rates, Why Aren’t Mortgage Rates Falling?

@Kevin Collins I apologize; my response came out a little rough around the edges and I assume that you certainly have done your homework prior too.... but that is a bit of my point... nothing will change when you go and work with a realtor and find investment properties yourself... figuring out what the property is worth IS PART OF THE ANALYSIS (if that's important to you) and because of this it is no different than other than you should now be verifying what the realtor will tell you it's worth as opposed to what the turnkey is telling you. 

Quote from @Jim Bryant: This is why it's important to understand how the legal system works before investing in an area.

Screening tenants is arguably the most important part to the first leg of property management.

@Eamon ConheadyThis sucksFor anyone reading this, it’s important to always use a 3rd party escrow company and send any monies to them.

Now i am capped at the rent increases i can provide to encourage them to give notice (one reason it is important to keep rent near market rent) and i no longer have the option to not renew their lease.there is a reason spa very large percentage of economists are anti rent control.

An important fact you omitted.