However, it is the third factor—whether investor business had actually commenced—that is determinative here.In investor’s business outline, dated May 10, 2004, he indicated that he was starting Value Property Investments “for the purpose of buying, remodeling and renting property.”

I purchased a mobile home out of state a couple years ago and decided in 2023 to remodel and get ready to rent.

I was working as a lead carpentry for a remodeling in company in Seattle, but left in Oct. 2023 to help with my family's property and turn my side work full time, which is slowing down.

I don't claim to be the first to use it, but we have not heard other companies use the word to describe their model before.To me, a turnkey real estate offering includes a high-quality remodeled property with a resident in place or high probability before closing and an in-place management company under the same roof. 

Yes all flips/remodels etc you will experience this and they will always happen when you think it will go smoothly!

Maybe you run into surprises during the remodel and blow the renovation budget.

I am working on getting the exterior painted and one of the units will need a full remodel.

And like any remodel you got pennies on the dollar in increased market value.

Charming Little 3/1 - We are remodeling all inside and out including new roofing, this is our first project out of state, it will be a BRRRR, hopefully first of many to come.

If you can't evict tenants to knock down a property, and/or remodel it, or otherwise improve the property... you won't.