I'll eliminate it a little further without giving up the whole idea.I understand it's unique, and it's difficult to find others who see enough potential to try something different. 

@Harish PasupuletiTurnkey properties are attractive due to their low barrier to entry, especially for new investors, but they also have the extreme negative of eliminating your ability to build immediate equity through reno.

. $107/mo.).Please let me know if you see anything glaring or things that I can work on bringing down or eliminating completely.It's important to note that up until I hired the full-service PM in April '24, I was self-managing from out of state and paid a local boots on the ground resource when needed.

I was hoping to eliminate some of my policies that I had prior to hiring them, however they have informed me to keep everything.

In the future try to do a little more due diligence before bidding as it will eliminate some of the uncertainties you are dealing with now.

This includes mandatory structural inspections for buildings over 30 years old and the elimination of the option to waive reserve contributions.

Proper due diligence will reduce your risk, but it won’t eliminate it entirely.Personally, I like value-add opportunities because they build in equity from the start.

IRS liens, municipal liens, utility liens also transfer to the high bidder.I'd contact the owner and see if a pre-auction deal can be struck, which would eliminate the auction competition. 

Another strategy is to take an elimination approach where you make a list of places you will not invest.

My original post was about the fact that they are eliminating it says something.