A lot of our borrowers, specifically new construction builders, in and around Austin - are having to hold properties for much longer than expected.

Buyer is encouraged to conduct inspections to confirm the property, including the electrical system, meets their expectations.3.

For a turnkey property what is a reasonable cash on cash return expectation for a property located in an "A" neighborhood? 

I'm not saying you won't find it, but I wouldn't necessarily be expecting a lot.

So yes, they expect the contractor to be licensed, insured, and qualified. 

You gave the mouse a cookie and now she is expecting you to give her the milk too. 

General rule of thumb I have heard is that carpet in a rental is expected to last about 5 years.The real fix here is buying premium higher traffic resistant carpet, or converting to a hard flooring on your next replacement, like LVP. 

Neil  cool and what do you expect the effect for real estate investors in this market?

Have you looked at AirDna or another STR data tool to obtain expected ADR?

At the end of the day vet these lead gen sites/companies on a short-term basis, then flip to something else if the leads are not working while having the right expectations.