Who knows if they placed a tenant with evictions / bad credit in your property.Overall the turnkey model is for “mailbox money” and you’ve chosen a hands off approach where they’re not going to call or email you if your tenant is late on rent.

Turns out that there are 2 garbage collection companies I can choose and I hadn't chosen one yet since the contractor has their own way of dumping.So far, I'm about $32k out of pocket and most of the remaining expenses ought to come out of the renovation escrow (held by 212 Loans).

Once a property is chosen, it must also meet the underwriting guidelines of the lender.

It allows you to diversify into a portfolio of homes as opposed to putting all of your proverbial eggs in one basket.Be cautious tho as over the years I have witnessed countless investors buying properties in crappy areas, for more than they are worth and being passed on to crappy property management that nickel and dimes them to death (I guess all of those 15% "awesome" paper cap rates and promises of financial freedom aren't that awesome after all...)This is not just true for real estate deals but life in general (Your "piece of paper" degree does't necessarily dictate success in your chosen profession or your business)Real life experience is different to what any "piece of paper" says.In all reality guys it takes time to build financial freedom, and the more you can diversify your risk across multiple properties in your portfolio the less risk you bear in the long run.I may not be the smartest Aussie you have ever met, however I do understand a few basic rules that I follow on every acquisition I make.Strength in numbers, cash only, patience, and discipline.Let's talk about Strength first.Price point plays a big part of "strength in numbers" as it is safer to acquire 5 homes for a total of $350,000 as opposed to one for $350,000.What happens if "that one" property goes untenanted for 5 months?

As Sam mentioned, you can always buy time, whether that's via seller extensions with EMD, or lender expedition fees.Regarding Title, make sure if you're paying for it, you're able to use your own title company, not one chosen by the seller.

Be certain that the path I have chosen for myself is the best way to be responsible for MY personal wealth.

We've chosen Pittsburgh as our next market based on the current expansion of tech and undervalued inventory with the indicators pointing in the right directions.

We've chosen Pittsburgh as our next market based on the current expansion of tech and undervalued inventory with the indicators pointing in the right directions.

I have chosen to manage and do the financials myself at this point, because I believe that you should know and experience the ins and outs of whatever you choose to invest in, in order to be able to identify when something isn’t right or going wrong.

I also have an optional 2x/ year property inspection for $80 (I've chosen to get it done once a year).