And will you have ongoing maintenance issues beyond your CapEx based on the building's age.I personally would be suspect of this deal.

@Rory DarcyRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Do everything right: To include but not limited to pro photos, professional quality design, durable furnishings.  

Cheaper than Data Tree and has the highest quality data.

You end up with Hotel Quality sheets / soaps for the cost of Amazon or even less.

With 30 years of residential construction experience and having built several homes in the past few years, I bring a strong foundation in project execution and quality craftsmanship.Right now, I’m seeking lenders to help me unlock home equity for property acquisitions and to expand my portfolio.

There is the risk carried by the turnkey company during the renovation and being able to find quality residents for the home and ultimately the investor and at a rental rate that makes sense.

I'd underwrite the deal as any other - make sure you are conformable with the quality & tenant base. 

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

As you know, I was so impressed by the quality of the offering that I decided to join as well and have been on a couple of group calls.I'm the Director of Commercial Real Estate Acquisitions for Southcorp Group in Columbus, Georgia.