The property also needs Foundation drip zone installation.

Thanks A lot has been written on BP about R2R and everything looks solid.I'm a big believer in sticking with 1 market until you build a large enough portfolio and diversification is justified.Like with many investments and not just turnkey, it's important to build a large portfolio.The time and associated risk isn't worth buying 1 or 2 properties if you expect a significant impact on your bottom line monthly cashflow.Most turnkey properties are sold at fair market value or slightly above.Nothing wrong with this as long as property management is solid and does their job with integrity.Buying turnkey you won't have built in equity so no growth can be manufactured and you will have to wait for the market to grow to see an equity gain.Thus, IMO it's important to have mindset where you endeavor to build a large enough portfolio so the monthly cashflow makes sense and the portfolio becomes safer.Much success

Additionally, especially for groups that built their company on retail investors, it is a major shift and risk to step away from dealing directly with decision makers (many retail investors will see a few ads or hear someone on a podcast a few times, have a couple calls and invest.  

Not sure how much research you have done on the area but with the Amtrak being built that will allow travel from Scranton to NYC, I’m fairly certain that gentrification will start taking place before 2030.

@Laura Williams there are different underwriting guidelines for apartments versus a HOA, but both spaces have very few option for buildings built prior to 1980. 

One of the properties had foundation issues; I was aware of this from the inspection report but it ended up being quite extensive.

One of the properties had foundation issues; I was aware of this from the inspection report but it ended up being quite extensive.

I saw a stat the other day that over 60% of multifamily in Nashville has been built within the last ten years.Good luckGino

The workshop was very informative and will give you a good foundation to invest in tax liens. 

My experience is that mobiles/manufactured homes fall into three categories, a. still on wheels treated as a vehicle and are are on rented spaces b. wheels removed, the unit is put on a foundation and skirted, on rented space c. wheels removed, the unit is put on a foundation and skirted on owned land and treated as permanent, which qualifies for a mortgage.