They spent more than $14,000 per apartment to outfit them with rugs, throw pillows, art and chandeliers.

Great outfit.

We went from large MF properties to SF also for the reason we noticed service was lacking on from smaller outfits.

I find myself in a similar position, 22 years with the same outfit, and COVID has changed things dramatically.

I bought it through a turnkey outfit (notorious Clayton Morris) which proved to be less than optimal.

I bought it through a turnkey outfit (notorious Clayton Morris) which proved to be less than optimal.

Google is your buddy check they different out fits track record 

We have primarily been a buy-and-hold outfit and use hard money all the time when the equity is in flux and then do a conventional refi when everything is stabilized.Even if the property needs no work and is turn-key, hard money may be an option to get on title and use conventional financing to refi based on appraisal after title seasoning.  

I personally don't mess with them and am actually pretty surprised MLS allows it to happen, but there are outfits out there listing them for "opening bid" prices really low to get attention, then doing an auction for the property.  

Small mom and pop outfit that can't stay afloat.