Turnkey is a system - rehabbed property marketed and sold by a company who bakes the property management into your future.

My parents for burnt bad by the banks, that shaped my financial believe system growing up.Of course, you should not "feel" about money at all.

The average price per land for urban infill going 6-12 stories high on a higher density product is about 5 million an acre up to about 25 million an acre. downtown market premiums I've seen at the highest are 1200 a sq ft. in columbus you can get land about 1.5 million per acre downtown at best price, sells for about 600 a sq ft max, very little competition compared to miami. tampa I didn't really look at too much because miami has 22 zip codes that you can build at least 6 or 8 stories on and just a much better landscape than other markets. tampa is a little bit bigger than columbus but in my opinion more of a suburban market. miami is landlocked and very limited so everything is in redevelopment. both are amazing opportunities but the barrier to entry is much higher in Miami with the smallest plots of land infill going for at least 1.5 million I would say in areas like Wynwood Norte, Wynwood, etc. we looked all over but prefer east of 95 due to the condominium opportunities. multifamily is very strong in both markets but the condo premiums make it almost silly not to do one from the start and the use of deposits versus a single asset lease up and disposition is a longer sales cycle than the condo buildings being sold out prior to completion.

Also, when considering purchases versus refis, do you have specific criteria that help you feel more comfortable with the level of risk involved?

Use the public access system available on the website to conduct your search.

This gives you more flexibility and protection in uncertain economic times.Scaling: Once your investment is stabilized and your systems are running smoothly, start planning to scale.

I’ve heard and read it’s difficult transferring a house from your name into your LLC versus buying it under your LLC in the beginning.

What type of system did y'all have installed?  

Every system you try will have flaws, or you may salivate over a feature that appears in other software.Some familiar names are mentioned frequently: Stessa, Apartments.com, RentRedi, TenantCloud, Innago, RentManager, Avail, Rentec Direct, Doorloop, etc.I recommend conducting thorough research on each app online to understand their offerings, pricing, etc.

That being said, there are some significant benefits to building versus buying and rehabbing.1) If you're building, you should be able to come in at 80% LTV or better assuming you're acting as the GC.