I see that a little differently, if they get 10% of the rent when a tenant is in the unit but get to charge a full month's rent to place a new tenant, and they're marking up repair costs for managing the contractors, then it is actually financially more advantageous for them to put a tenant in the unit that won't pay the rent so they can charge you to evict them in 3 months, make some extra cash on the rehab and then charge a full month's rent for placing another crappy tenant in the unit to repeat the cycle. 

reviews and will not ping you in general if we have that or similar).SUPER EXTRA BONUS HINT: You already moved those down payment funds from your "business" checking account into your "personal" checking account 3+ months ago, so I'm not going to have to ask your CPA to write a letter "promising" that the use of "business" funds for your down payment will not impact your business operations (mini hint: no reputable CPA is going to write that letter FYI, see above about insurance...).Your self-prepared ("stated income") 2019 YTD P&L shows that you're doing even better than you were in 2018 or 2017.If you did ALL of the above including the super extra bonus hint: Then I'm over 60% sure that your 2018 taxes will be the ONLY basis of your income calculation, assuming of course an above-average competence lender local to the state where you are buying real estate.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

Due to zoning it can not be a Muli-unit due to the extra taxes, so will build SFM and later upgrade it to Multi-unit What made you interested in investing in this type of deal?

You've traded extra potential return from forced equity for the luxury of having your time and energy back and having someone else shoulder the rehab risks.For some investors who don't work full time or just think DIY stuff is enjoyable, it seems crazy to trade away forced equity return for convenience, which is where a lot of turnkey naysaying comes in.

Successful people rarely have a lot of extra time and you need to make it meaningful and worth their while. 

I forgot what episode of the podcast but someone said 6 months rent extra savings.

As it stands now, it collects water and tenants will often use it for extra parking.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

If you are going back and forth about high points between two lenders and miss the extra "fees" that might be charged by one, you are missing the point.