Quote from @Erik W.: It kind of scares me for a person who goes into a deal like this without understanding that this could happen or being prepared with resources when things do not work out as projected.

As a turnkey real estate investor and owner of a property management company, I witness a persistent misunderstanding around turnkey investments.

it will be basically brand new when i am finished w/ it. 

We’ve witnessed the danger firsthand of other property managers with the following common fees.Two common dangerous fees:- Resident placement fees - 1 - 2 months upfront, this incentives PMs to have residents move out every year.- Kickbacks from contractors - Incentivizes deferred maintenance PM fees are only assessed, if and when the home is incoming generating.

Along wit their up markup and or hourly fees.

The construction and growth I witnessed all along the drive was a bit mind numbing.

Even in the 'safe' areas, there is crime that I have witnessed.

Residing here allows me to witness the current market dynamics.

I witnessed this in 2001 and 2009 crashes.

Welcome to a fantastic real estate investing asset class that also has a fantastic and supportive community along with it.My self storage investing journey has been long and winding and many of the people on this thread have been witness and supportive of that journey.I came from a short term rental and single-family rental background.