Turnkeys are great if you don't have enough liquid cash to fund the property outright and still allow people to invest in cash flowing rentals and gain 1-4% appreciation annually in most of the midwest markets.

A building that I have less than $350k into yields a $51k annual NOI.

Plus, their Annual Report fee is the same ($500 by mail or $520 online).

Is the annual inspection and warranty worth the price?

Martin is also putting on his annual summit in October on the 7th and 8th. https://www.biggerpockets.com/forums/521/topics/445883-san-francisco-bay-summit---oct-7-and-8-2017---join-the-reunion

1 – Rental Return with Cash Purchase Purchase: 120k+Renovation: 35kAll-In Budget: 155kAll-In Budget: 155kMarket Rent: $1300/month% Towards Expenses: 30%Annual Cash on Cash Return: 7.04%2 – Re-Finance After RehabAppraised Value: 185k 75% LTV - $138,750Cash Still Invested - $16,2503 – Rental Return After Re-Fi Cash Still Invested - $16,250Market Rent - $1300/Month% Towards Expenses: 30%Annual Cash on Cash Return: 67.2%We’re very excited to break ground on this project and once we begin construction, we’ll be sure to update everyone on the progress.

Assuming you sell for $300k, of which $100k goes to pay off your debt, you could use the remaining $200k in equity for down payments of approx $25k each (25% down can get you better interest rates), giving you 8 cash flow properties which would be paid for by tenants by the time you really need the income (retirement) and provide moderate rental income in the meantime.You'd have to be able and willing to take on that much debt, of course, (so your debt-to-income ratio, annual income, credit score, etc will all impact this).

There were a whole host of a bunch of little things that for the next few months my husband (not a handy man, but he tries) and I spent weekends and lots of annual leave trying to fix the mess.

You need to complete your own Annual Property Operating Data (APOD) on the properties.

Martin@Al Williamson@Andrew WongI own a couple of SFR's in SF that are on annual leases.