That helps cut down on the time involved. 

If you start going into electrical, plumbing, cutting in for new doors, roofing, HVAC, etc. then you would potentially need to pull permits.

To further cut down costs, they have some crazy distance allowed from mass transit for not requiring parking (I forget exact distance but maybe it was 3 miles).  

Cut the purchase by 50% off asking, little to no renovation budget & still deals aren't cash flowing if you pull any money out.

Since the attic is no longer a livable area it cuts my 2nd unit square footage nearly in half. 

The only problem I can think of, is uncle sam may not like this because he isn't getting his cut of the commission.All thoughts are welcome and appreciated.Thank you,

If it is a single family, maybe you bit the bullet and cut the grass yourself.  

It's completely online and only takes a 15% cut.  

In my area HOA fees run about $125-$175 a month which would cut into your cash flow significantly.

Then their profit.. so for a Turn key company to buy it back you would take probably a 25 to 35% hair cut on what you paid for it minimum.Buy and hold turnkey mid west deep south rust belt is a very long term play.. and most will tell you 10 is the minimum you need to get going.