They might request to re-process some aspect of the loan or to show some proof of some things, but most lenders don't want to deal with all of the back-end stuff on something like that. 

I purchased that duplex for $116,000 and had the gross rents at $2,105.00 after re-leasing 1 of the apartments after the sale (roughly 1.8% of sale price, so just shy of the 2% Rule).  

I realize that turnkey properties mean you can’t improve equity so a re-assessment would not add lending dollars, but is there a scenario where the numbers work? 

Here are some of my thoughts: 1) they are work and have risk 2) in this hyper competitive RE market, there is not enough profit in the rehabs of most MLS listed properties.  

PM me and I'll pass his details.I recommend only doing the notices yourself, everything else should be done by a professional.You will have to re-do the notice you did incorrectly.

Not so fast re the trust issue.

How much time would it take you to re-coop that cost purely through the rent alone?

." - How much experience do you have repairing and remodeling RE? 

I have several RE courses as well.  

The benefit of an SFR is if you can do some value-add while you occupy, then you can look for flip it or re-fi and cash out for the next investment.