That would be my biggest concern.The last time I had a rehab in the hood I had a handyman with a key to the property check on it almost every night.I'm not against it especially if there is profit to be made but as always manage your risk.

Most turn key sellers these days advertise zero for all of these items.

David - You make one assumption in your post and really in your follow ups and that is that turn-key companies ignore those costs.

The CA owner paid $540k in 2006, put about $100k into the property (and it still had a lot of issues) before handing the keys back to the bank.

This is a key skill you will want to develop if you wanna play in the rehab market.

Time = money so offering cash for keys is essential for us.

Antonio,Follow the above advice and you should be able to come up with comps, listed or not does not affect the process.When working solo, especially as a newbie having on intimate knowledge of your area of operation (like Jake mentioned) is key in being confident in comps and knowing what is and is not a deal.

You own the key to the development.

This is your chance to be brought inside, the "keys to the kingdom" so to say.

I think you hit one key point there - you built up a relationship with them over the boom.