It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

If not just the cautionary tales in what not to do. 

Also, if someone was to get hurt or there be a fire, or whatnot, you have to consider what insurance implications would come into affect given that you were breaking a city or county law/ordinance as far as that goes.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

It was an educational real life piece to show what not to do and then describe what to do.

Watch and listen...mostly listen, to what to say, and mostly what NOT to say.

So if A brings $20k for a down payment, and you pay $10k in materials and rehab and whatnot, and the gross profit was $50k, then you would split a $20k net profit. 

If you can't get someone in your own house to respond, that's what notes on the door or notes under the door are for.

I have a strong sales background and am not afraid to talk, but looking for advice on what to say, and more what NOT to say.Any comments are appreciated!

Now I know what NOT to do haha.