If you don't, it's almost akin to gambling - your potential risks spiral out of control.I've always treated turnkey acquisition as just another source of deals.

Wayne Pace - Authentic Inspections

I fully admit that in retrospect - it was a huge gamble.

It's only in that scenario that I would break even....so I'd need an even larger crash to have timed the market, so it's a gamble where I'm feeling a bird in the hand is better.  

For us it's a 4-5 hour drive, it's not crowded with large hotel chains, can still find properties with 10%+ returns, and it's beautiful and authentic.

They may have some references or contacts that they know so that you don't have to gamble on a bad contrator.

v=vDoRITXplC8And he says that often in his videos.Very foolish gamble. in all the years we have been doing sub too since the late 70s  we Never Ever bought a property that did not have enough equity that we could not sell and make a profit on from day one. 

@Greg Scott,Going after appreciation is not investing - it's speculating (gambling).

It is a gamble!

It is my handwriting (on blue Ink) and when it copies it looks like it is authentic.