I backed, nearly, completely off; I hired a leasing company to screen applicants, handyman to do the finishing work, accountant and lawyer to help me structure my business and now I am able to work toward the goals that my lady and I have worked out for our lives.Which summarily began with a celebratory dinner at a Churrascaria in Glendale,  bottomless Sangria and belly-dancers LOL!!!

I mean, let's be real, Drake Bell is performing a free concert at a festival held in proprietor's park late June. 

Also many people found that they were now competing against cash buyers, so the fat deposits they were planning to use were of no use.The BA is a different beast all together so plan your strategy accordingly.

Hi @Billy Bell,I don't like this agreement at all.

I live in France, and here according to the law, if we want to flip and sell multiple houses in a year we need to pay big fat % as tax.So, I will be sticking to buying and holding.

Beware, however - you may be comparing your 'market' with other places that have been fixed up and are fresh on the market, so be sure you are going apples to apples.One of my vendors has a saying: "Pigs get fat, hogs get slaughtered."

I knew before the building closed escrow that most of the tenants came home from work, took off their shirt and hung their pot bellies over the balcony rails every day as they drank beer (no joke).

Sometimes we fall a little short, sometimes we fall very short, and throughout the entire process...our books look like we are 1-2 missteps away from going belly up. 

IF you are not willing or cannot do this, go to the track and bet your money on any horse. 2. call everyone you need to involve in a full circle deal and calculate what the costs are. get at least 3 quotes. 3. input those costs along with your spreadsheet model and your mortgage model. 4. make a decision based on "risk free rate of return" or what you can get with an alternative (reit, funds, mutual funds, gov. bonds, etc) add in your time billed at what ever you get paid (before tax)  add that time estimate to the cost. 5. recognize that you cannot go bankrupt buying a REIT stock but you can go belly up if you real estate purchase gets out of hand. 6.

Thanks Jay,As I mentioned in my reply to Caleb.Influencing an appraisal is a walk in the park.If you buy cash or even with finance it doesn't matter.Find the right people who's ethics are through the roof and that have a proven track record.I'll take it as far and say that even if a turnkey company sells you a property for more than what it's worth.As long as they are willing to go along for the long haul ride, then you are good.There are too many operators that will just flog the product and disappear soon after.Turnkey real estate is about cashflow.If you want fat equity in a deal or a "Deal Of The Century" type property.Don't buy turnkey and do the work yourself.Just my opinionThanks again mate