That would be like showing a BBQ battle with Bobby Flay, and you whip out baking equipment.

And with more renovations, you will start to get better at ball parking things, but even then you will always uncover items, so make sure you are baking in enough profit, even after conservative renovation budgets to feel confident you won't lose money.

They can do some repair to an old roof, then apply a plant based spray to the entire roof to replace the oils in the shingles that the sun has baked out over time.

Without doubt int his market a property can sell itself, so can my car, or a can of soda, if it's an awesome enough deal right, so nothing special there.

If things aren't looking good I'll bake in an additional 10% to protect myself.6.

I think it's okay to not have a deluxe backyard, see what the market is demanding.We didn't want to or have the funds to do a full renovation, Here are some things we did when we got our primary ready to rent:-Tore out fiberglass tub and surround in master bedroom-Had new tub and tile surround put in (felt nicer for primary bedroom suite)-New toilets and all new faucets-Hired guy to resurface all kitchen and bathroom countertops-Took down popcorn ceiling and had resurfaced/ painted-Neutral paint and trim throughout (had different colors all over prior)-changed out washer hook-up valves to prevent issues Things I wish we would've taken care of:-regular yard maintenance hired out and baked into rent-LVP flooring throughout (kept mix of tile and carpet)Just did final walkthrough and got keys this morning for tenant moving out.

When you bake in buying out the partner, factor that since they are not selling the property, that they are not paying approx 6% to 10% of the sales price which should be in your advantage regarding your offer.Best of luck

It is baked into the overall loss passed from the syndication to investors in the initial years.

Turnkey is a system - rehabbed property marketed and sold by a company who bakes the property management into your future.

ANY transaction out there has a loser and winner, every single one including your purchase of an ice cream or bottle of soda.