You have a $1.75M debt only providing $32k of return.If you can get out exactly at 5 years, for what the homes are currently appraised for, you will have a nice time, a fat $350k paycheck.

I have seen it before.The answer would be a big fat NO.I specialize in sales and don't do property management.Wouldn't you want a specialist instead of a generalist??

-Any fat in the T12, like paying for a full time maintenance man, bill back H2O and the like?

And when you close the deal at the title company and get a fat check!! 

Also many people found that they were now competing against cash buyers, so the fat deposits they were planning to use were of no use.The BA is a different beast all together so plan your strategy accordingly.

I live in France, and here according to the law, if we want to flip and sell multiple houses in a year we need to pay big fat % as tax.So, I will be sticking to buying and holding.

Beware, however - you may be comparing your 'market' with other places that have been fixed up and are fresh on the market, so be sure you are going apples to apples.One of my vendors has a saying: "Pigs get fat, hogs get slaughtered."

Thanks Jay,As I mentioned in my reply to Caleb.Influencing an appraisal is a walk in the park.If you buy cash or even with finance it doesn't matter.Find the right people who's ethics are through the roof and that have a proven track record.I'll take it as far and say that even if a turnkey company sells you a property for more than what it's worth.As long as they are willing to go along for the long haul ride, then you are good.There are too many operators that will just flog the product and disappear soon after.Turnkey real estate is about cashflow.If you want fat equity in a deal or a "Deal Of The Century" type property.Don't buy turnkey and do the work yourself.Just my opinionThanks again mate

The fat days are gone, welcome to the new normal. 

Next time you’ll trim off the fat and be in great shape.