Ready REI later clarified that “turnkey” means that the minimum has been met in order for a tenant to live inside the unit; it does not mean that the outside of the unit is in good condition (eg the roof or porch).

A standard roof that use to cost $15,000 to replace, is now well over $30,000 to replace in many areas of the country. 

While I agree that the purchase is an important part of the process, if you buy based on price and not on the STR aspect of the deal, it could fail.You might get the best damn deal on a property in an area that makes a terrible STR thus it isn't a deal at all.

I’ll certainly take this as a lesson to leave no detail overlooked and to approach every aspect of my agreements with care.

I'm not how you are defining a BRRR that works, but if I have a unit with brand new roof, mechanicals, kitchens, bathrooms, etc... and leave 10,15 or 20% in the deal I still feel like I'm winning.  

They will do a slap dash job on a house that still has a bad roof and foundation in a neighborhood that will see zero appreciation. 

For contact management like that its awesome to search for specific types of people and locations or just data like "how long does it take to foreclose in texas".We have some other use cases as well that we use to track not only ours but competitors results online and learning what does and does not work for different aspects of the business.

I FIXED THE ROOF AND CHANGED SOME DOORS THE PROPERTY WAS BROUGHT IN GOOD SHAPE !

I would love to connect and discuss different aspects of the Hard Money Lending process, Draw fees, etc.

I have done this and then we lost half of our W2 income, then a big HVAC repair, then the ELOC rate drifted up from 4% to 10%, then a storm forced a roof repair sooner than expected.