Biggest downside to turnkey IMO would be the difficulty of buying a turnkey property with in-built equity.Many investors are always after some fat being left on the bone and this is hard when buying turnkey as the provider wants to make sufficient margins on the product for the services provided.Thanks and much success.

I would want much more fat in the deal at that price.If you can pick it up between $150,000 - $200,000, that would justify the risk IMOThere are opportunities in the Midwest where you can make $20,000 - $30,000 on wholesale deals in the $70,000 - $100,000 range.Thanks and have a great day.

I have been using 10%, 14%, and 8% and didnd think they had THAT much fat in them.

Fat forward to about 3 weeks ago.

Also, on top of this the seller has been flipping other houses (No judgement) but we keep getting pushed to the back burner every time.

The best deals investors come across are off market properties and it is really important to have good comps for those provided in a timely manner, if you are a new investor you haven't had time to establish a track record with an agent so your requests will be back burnered because there is no money in it for the agent.

Now we are into Mobile Home Parks and are fat dumb and happy in that position now.

You will always be the "fat-cat, big-shot investor" who stole his house out from under him when he was vulnerable.

Being lied to is nothing new but here's the story:Last Friday, they we complaining that their stove wasn't working (eventually we found out their complaint was that one of the 4 coils/burners got "too" hot, even on low temp).

Attach a nice big fat earnest money check.