We have 3 soft maples in the back yard that shed exactly 45 billion-trillion leaves in the early fall through mid spring.

If we are looking at total returns from those who have bought turnkey properties over the last 4-5 years, the returns are probably pretty good.I think those who are looking to find turnkey properties from now on will have a tough time making more than just average or below average returns, because I think the easy money has been made, and I don't see a ton of margin on any deal, let alone one where the Turnkey key operator is getting their cut off the top.I wasn't investing prior to 2007, but we are fairly conservative by nature, and having regular day jobs, we can be selective. 

And he converted it to a 2 story, 4/5 bedroom, and 3 bathrooms with an added study.

Defaults on a loan secured by real property via a D-T are processed per the power of sale clause in the D-T, and detailed processes are defined in Chapter 45 of the NC General Statutes (NCGS). 

If you don't want that many loans hanging over you, you could also split the difference, using $100k in equity to buy one prop outright, and then using the remaining $100k of equity as down payments on 4-5 properties, resulting in a smaller portfolio but less total debt.

The good news is that you're only 45 minutes down the road so you can keep an eye on it throughout this process but you absolutely need to get this project completed ASAP.  

There isn't any scientific study or stats that I know of.Merely pointing out the observation of my wife and I as we have been looking at properties over the last 4-5 years. 

Which, when you think about it, is really fast if you have a 45 day rehab and maybe it takes a week or 2 to get a tenant into that property. 

It's insane how many deals people will throw your way when they know you only have 45 days to identify (lots of crap with properties that are all priced on pro-forma cash flows!

I would prefer affordable and flexible install dates (instead of 4-5 weeks out).Thanks in advance!