Of course if the rent stays below the gift tax threshold, we could also maybe go that route and it could fly under the radar. 

The potential tax will just keep moving out and someday you will pay it or your estate will pass on a reset basis on the remaining properties.The possible fly in the ointment is that if the rates go up (currently they are low) and you push your gain off to the future. 

We have another one, run by Darren Sager, where we have a BP podcast interviewee speak, but the schedule that is not planned as we need speakers to fly in for across the country.

Many service men and woman have to come to this area to learn how to fly planes but are not really given a lot of time to review properties beforehand.

Get a sexy 50k profit on a fli, re invest it all!

Statements like, "but it could be easily sold for $10k more than the ARV" isn't going to fly.  

You have to accept being 80% prepared, and trust that you and your team are good enough to figure the other 20% on the fly.

Yes, you can develop excellent systems to care for it but there will be times where you would have to fly there to oversee something.

The reason they are successful is because they are set up to do all the heavy lifting...offering WAY more value to the investor than what they can do on their own...especially from a distance.If you have the time, money, freedom to fly back and forth, and inclination to do all of this yourself, then Turnkey is NOT for you. 

My next duty station will be Pensacola, FL. I