Since I'm getting into real estate for the long haul - not a fly-by-night, get-rich-quick approach - I am investing in my real estate education.

Warren Buffett says whenever you get money to invest, you are better off putting it into your best idea rather than your seventh-best idea (the concentrated portfolio approach).

This brought me to the idea of investing in turnkey properties however, I don't know if this is the right choice for me.

Now I guess we should have brought sheriff with us.

For example I brought a breakeven property in a San Francisco high rise late last year because it was selling at a discount to comps and the location was awesome.

from your first sentance of who brought the project and thinking of Texas rehabbers I could sense trouble.It happened to me there as well.. now i could afford to take the hit.. but that is ONE TOUGH market to workeven when things went well ARV and sale price never meshed .. its  a local experts market.. and contractors dont need to be licesned.. this simply is not surprising..thanks for posting this is a good warning to others who think fix and flip is like TV.. and to be uber cautious in Texas.

The thing that brought us together was going through a year-long training program.

@Sam Shueh Agree with your approach.

@Caleb Heimsoth The maintenance guy brought the HVAC guy with him and they confirmed that the central isn't working or installed properly.

Account Closed Please feel free to offer advice on other avenues for me to explore, as I am trying to learn and approach from all sides.