@Pat McGrathHi Pat, Here's my experience w/ turnkey properties.http://www.biggerpockets.com/forums/223/topics/177843-am-i-successful-or-am-i-an-example-of-what-not-to-do

After 2 years at their respective companies or the "job shop" which they contract with........they buy homes...Most lenders need 2 years of self employment history along with tax returns showing income and what not.

Hi @Sam Hanaa, I personally love SE MI, but you’re right taxes tend to be high due to historically low housing prices...the city/state still needs their money for past corrrupt officials and whatnot.

Just unsure of the next steps for structuring the deal and whatnot. 

I'm going to walk through the house in a few hours, not sure how bad the damage is or whatnot. 

WAS WHAT NOT TO DO...YES, I FIRED Him :cry: ...

So I don't have any words of success, but I can tell you some basics of what not to do wrong like all the following I did, and am now paying for.Most importantly - Cash flow is king - If theres not sufficient cash flow, It will NOT be worthwhile, whether you think it'll appreciate, or think in 3 yrs It'll make enough rent, or whatever.

I haven't found an agent that I'd like to work with yet, but I was curious as to the other methods like driving for dollars and whatnot.

The at risk amount here would never bankrupt anyone (god I would surely hope not) so the findings of Round Two in this case doesn't matter much, other than all those reading the Tenant Forum have be cautioned on what NOT to do.Here in Calif, filing for an Entity is an annual $800 fee, so not filing would cover the 'lost' from this case in two or three years (actual deposit in question never stated) - - some $15,200 in my 19yrs of no law suites.IMO, advocating an LLC as protection in this case is laughable. 

I think nail holes and what not are considered normal wear and tear and should not be a line item on your back charge to them.