If we have to bring a key to them, it's a $20 charge.

His lawyer said no , but he said that 5 million was a good number . he tossed the keys across the table , told her to open the gates at 5 am and warm up the trucks , and a whole list of things , and to cut him a check for 5 million . 

I'm also on the board of CFRI, the local chapter of the National REIA so that might be a good resource for you to check out too. 

A prudent investor doesn't seek quick riches through shortcuts.

There are syndication/crowdfunding funds currently being launched now which intend to take over deals from syndicators/operators (where those same owners would otherwise have to turn the keys over to the bank).Generally the ones in trouble are those that structured too aggressively (high debt, floating rate, etc).

@Matt J.As an out-of-state investor in San Diego, key tax and legal considerations include filing a California non-resident tax return for rental income or capital gains, managing double taxation with potential tax credits from your home state, and complying with withholding requirements on property sales.

If simplicity is key, selling outright is best; if deferral or family planning is the goal, consider gifting or a 1031 exchange.This post does not create a CPA-Client relationship.

Certainly if you go turn key you could consider less for maintenance and CapEx.

Hi AllI have• 102-Unit Multifamily Redevelopment Opportunity Just East of Downtown Phoenix• Plans Are Approved & Project Can Be Delivered“Shovel Ready” to Allow for a Turn-Key Redevelopment ProjectOffering Price: $4,750,0002.08 Acres | 90,605 LSF$133.08/SFTotal Planned Units: 102Year Built: 1953Does anyone have interest ?

The reason as to why these projects stayed on the drawing board is because they weren't essential at the time.