I've been around turnkeys for years, both as a buyer of them and working alongside them, and I can ensure you they are plenty ethical and a good business model (at least the ones I've always worked with). 

Additionally, he will learn the business alongside us so he understands what we are doing with his money, and, frankly, he will be able to go purchase a MHP on his own if he so chooses with his next 1031.I'd be happy to chat with you if you'd like to learn more.  

New apartments are going up right alongside those old duplexes and are renting for twice the $/SF.

It's as if you personally put money into the deal along side the entity that is your self directed IRA.

t rent it.I ended up getting a skilled tradesman in each house.one guy is an actual house builder that hit bad times during the recession the other guy works with his father installing and remodeling bathrooms and kitchens.both these guys came signed the lease on the first tenant I allowed him to move in with security plus 200.00the difference was the paint and drywall repair and cabinets stained and house cleaned. that I would have paid someone else to do out of pocket which I didnt have.gettting that money allowed me to take care of a 350 plumbing problem and a furnace issue that came upthe other house the guy moved in for security plus 300 for the first two months less than half the actual rent because he is going to do all the painting and the bathroom remodelsome drywall repair and hang ceiling fans.he is working alongside my contractor and my contractor has now gotten a new partner and he has okayed this guy to do the workall things worked out.and now my two houses have some capable people in them who wont come crying everytime there is a minor problemI know this isnt the ideal way to do business but I sort of started out over extended.

The metric that I use to screen flip projects let's me see a current value estimate alongside the listing price.

I would probably hire 3rd party management but I would act as my own general contractor and I have a few people that would work alongside me in doing the rehabs.

My suggestion to you is to work alongside ONE agent and tell them what exactly you are looking for so you both can be on the same page.To answer you question about whether $170k is a good price that agent will help you by doing a CMA on the property before you put in an offer to give you an idea on what the property is currently worth and the values of the similar properties around it.

Depending on where your sewer runs you may be able to dig along side of slab and just have a clean out installed, but it can be quite costly.

I’d suggest sampling a few alongside something like Buildium.