Turnkey investments are not made to be short-term, so exiting only a few years in isn't ideal and will likely result in them losing money unless the market has shot up a ton very quickly (where is this prop, btw?).

If you are not first position then you could potentially get shorted if your tenant has a bad paycheck.

Time to repairAll the carrying costs (short term loan terms)However, make the offer!

Commerical loan terms and the short amortization periods make things really tough.

Short of a fire, solid hardwood with a thick, heavy finish holds up like nothing else.

HML is usually short term because the terms of the loan are not conducive to long term cash flow.

They will dispatch a service to fix the problem and then one of three things happens: it was either a free courtesty service, or: they will charge your account (and deduct it for next months rent, not from the sec dep, so if they don't pay, the rent is short, which will trigger a late notice that can lead to eviction), or: they will give you a written notice and enforce the rules and regulations you have signed.

In short the creative finance world is a way to buy property without going to a bank. 

The unpaid mortgage balances after receiving any FEMA money or insurance payouts (given they even had flood insurance which a great deal of them didn't) would mean a foreclosure or short sale process.

Are there any long term or short-term ramification to my personal finances and/or taxes that I need to be concerned about?