Shoot me a message if you would like another set of eyes on anything.

Especially Milwaukee, but I may be a little biased there ;)Since you're looking for turnkey and properties needing cosmetic repairs, keep an eye out for homes with good bones that just need a little updating.

In my eyes, all of the same diligence is needed in regard to sponsor and deal(s), but add to that prior operations by that sponsor, current financial analysis, current valuations in today's market with very limited trades happening as comps, what the effect of waterfall and fees will have on that position once you take over, etc.

Additionally: they had a profession job, they were responsive and easy to work with scheduling the tour, they showed up to the tour early, they were well dressed, polite, well spoke, clean, made eye contact, had a well maintained vehicle.This was the first time we've had a tenant dispute the findings of their eviction report. 

Sorry to hear this.I would always say that "There is nothing wrong with any property as long as the price is right".Granted, some are not salvageable and the deal doesn't make sense even if the seller paid to me to take it lolOver the past 10 years I have witnessed many investors trying to do the same thing as you.Purchase from afar without buying turnkey and trying to do it themselves.This has been popular especially the last few years.Not many succeed unfortunately or they don't succeed in my eyes as they are into deals for much more than what they should be.There is a big trend going on where folks are made to "feel involved" with the purchase, rehab and property management process.The properties look great and off-course they do as rehabs cost $40,000 - $50,000.It doesn't sound like a lot of money for folks from CA and NY but for our local standards it is and IMO kills the cashflow and is unnecessary overcapitalization.Each to their own I guess.Just had a call the other week with a fellow from CA that bought a few turd properties from a local scam artist and is flying to town to try and rehab them himself.Another fella I managed to save even tho he lost his deposit of $1,000 as the seller (Another known scam artist) made him commit to the deal without allowing an inspection or even a walkthrough...If that isn't a red flag then I don't know what is 🤷‍♂️Hat's off to you for flying into to town to see the property for yourself.Wishing you much success

Also keep an eye out for floodplain and make sure the zoning of the lot allows what it is that you're trying to build.

People tend to shop with their eyes, so give them something incredible to look at!

Whats the best way to get an inspector that catches these issues?

It can come at the very end so that you're not wasting your time (and theirs), but the kind of long term damage that a bad tenant will cause to a property is not something that they can quickly and easily hide so you want to get eyes on how they are currently living.The age of the house has nothing to do with section 8.

Just keep your eye on the cap gains exclusion time limit and mark a decision before your time runs out.