DELETE! 

As long as you have your due diligence you are as good as buying a property that doesn't say "as-is".For question 2: The biggest "scam" is tenants not paying and milking the system.

Refinance & Recycle EquityAfter acquiring a few properties, refinance to pull out equity and use it for future purchases, allowing you to continuously fund new deals.By leveraging these strategies, you can scale quickly without relying on your savings alone.

Maybe this is intentional and maybe it isn't, maybe what they would do is different than what you would do or envision.Also be aware that some deals are just recycled off MLS, so potentially you could have bought the same property for less, with less risk off MLS.   

The downside though is your ability to recycle your money with a turn-key property is limited.

But it was short lived and we were about 10 to 11 years into the cycle.. we are now about 15 years into the 10 year cycle.. since i started in 75 it seems like RE cycled about every 10 years  from valley to a new peak.

The general sentiment that I see on forums is that they have to accept whatever path or outcome that a GP chooses, which is not correct if the majority of LPs are with you. when I worked for syndicator in the 80s thats what happened to them LPs revolted and kicked them out as Gps and took over.. of course this did not solve the issue just prolonged the agony and the attorney they hired milked it big time.. a few years later after capital calls etc all was lost anyway.

Goal is to recycle the capital and do this again  awesome !

NEW TENANT GIFTSHere's what we give new tenants.....Cleaning Bucket with Cleaning Supplies:white vinegar, baking soda, awesome degreaser, disinfectant wipes, carpet spot cleaner, magic eraser, all purpose cleaner, scrub sponge.Tote Bag with Useful Items and Tools:hand soap, paper towels, plastic garbage bags, toilet paper, toilet plunger, Zip-It (strip for clearing hair clogs from drains), plastic clothes hangers (6), shower curtain liner (good quality cloth one), laundry detergent, dish soap/dish detergent, cutting board, "Freeze the Grease, Save the Drain" kit, “Recycle” bag for collecting materials for recyling, magnet with our name and contact information, picture hangers.Refreshments In the Fridge (for move-in day): several bottles of water, healthy snacks, bottle of sparking cider with a welcome note attached.Larger items: Welcome mat, shoe tray.

Personally, I am going to buy an all-cash or lightly levered deal towards the back half of the year when I exit a hard money note I've recycled for the last two years.