If you disclose it they want a guarantee and low ball your defected home.

You should bring a home inspector with you to check the defects of the property and someone who can properly analyze the true rehab numbers.If you get past that and still want to move forward, it is important to note to NEVER pay the wholesaler directly, always through escrow or closing attorney.

Lemon laws came to be because people bought cars that turned out to be "defective" in some way.

Things like rents artificially high, not being able to rerent at the quoted rents, prices being way higher than the market, war zones, finding out their renters were convicted felons so their renter insurance was useless, houses with horrible defects, there are lots of horror stories.I wish all the luck to those who buy turnkey, there is a lot of due diligence, but do not believe for a second there are not horror stories out there about shady turnkey operators.I myself have bought a property that was kind of a turn key, they are not evil but they can be high risk without a LOT of due dilligence.If the turn key providers want to debate this fact I would be glad to bring bring a moderator or 2 into this thread to help out.

With $6k in remodeling costs, I don't think you will have a problem with getting a conventional mortgage because the property seems free of major defects at that remodeling cost.

Once when I was speaking, somebody asked about all the risky ways I buy property;  Including probate, foreclosure, title defects, life estates, failed perk tests, IRS liens, tax sales, un-locatable owners or partial owners. 

First year prep-to-rent costs really shouldn't be included in the cash-flow column; You are remedying defects the property had at purchase.

A lot of the homes are burn outs because of electrical defects.  

They gave you two defective appliances.

A 6 year heater crapped out after 1.5 year, thermocouple was defective.