Quote from @Paul Sandhu: I would start with the zoning & code department for your community Thank you for your response to this years ago...I'm back from hibernation.

It did sound too good to be true and I wasn’t confident with the financial responses she provided.

@William Haynes thanks for the response!

that is typically 5-10 years+ of ownership.2. turnkey isn't entirely passive. you have to manage your property manager. they are responsible for doing whatever their management agreement says they're responsible for, and you are responsible for doing what it says you're responsible for. 

Thanks very much for your responses, guys - really helpful.

So, you'd charge the seller 0.6% and the buyers would be responsible for their agent's commission?

A few things in response to what you wrote:1. 

Thank you everyone for your feedback.I have decided NOT to accept the offer from SINGH based on the responses I received on Biggerpockets along with some other insight...Logic prevails.Thank you againDoug

Quote from @Dan McDermott: Thanks for the fantastic response, Frank!

Thank you Steve and Dave for your responses to my question.