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.

I have a similar goal for Phoenix, AZ and would welcome any opportunities to further dive into that market.If any of you have bandwidth concerns and would like some extra muscle, please let me know!

I know it has to be titled in the bank's name and they get rent proceeds until your other property sells which it does have to sell in 6 months and you have an extra closing with costs associated.