So don’t just go into an area just because it’s cheap.

My current one is charging every time we talk and it’s not cheap. 

Cheap Rent How did you find this deal and how did you negotiate it?

Ah that is so cheap! 

There's still cheap money out there and I'll need to find better rates. 

I don't think you'll find anything cheap in with black frames. 

If you are considering going the turn key route, here are the things to look out for and avoid in a turn key company.Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)Don't allow for your own independent property inspectionAre not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)Require you to pay for any renovation upfrontSell only in cheap. low end neighborhoodsDon't accurately represent the neighborhood/property classificationDon't have consistent rehab standards for all propertiesDon't provide a scope of work for the propertyCan't provide references of repeat investorsRequire you to close before a tenant is in place

Cheap.

You can do the same for hiring marketing team members, who can help you place content online to attract investors.When it comes to acquisitions, partnering with other sponsors on deals is a great way to gain real experience and quickly build a reputation for your firm to grow and scale accordingly.Finally, investors should be utilizing technology to automate day to day processes and free up time; Mailchimp is a cheap and useful tool for investor relations communications, HubSpot is a free CRM database that can help you stay in touch with investors, and AirTable is great for company project management and assignment tracking.Do you have any other tips or insights to making the transition?

I consider my market "expensive" but it is laughably cheap compared to parts of NYC!!