I have worked closely with many investors, helping them find their ideal turnkey property.

It depends.It depends on the market, the market cycle of that market, how you find the deal, the type of debt you can put on the asset.If you're buying without a syndication, I never look at IRR, especially if my intention is to hold and refi. 

I replied in the other thread as well but you need to check what type of provisions you have on your policy to make sure you have the coverage you think you have.Was there any discussion of the condition of the roof when you purchased the home/insurance in October?

No big, national, publicly traded banks will do this loan type.

Purchase price: $100,000 Cash invested: $100,000 Bought this house and got 2 more free What made you interested in investing in this type of deal?

For example, if in the rental application you don't put xyz it's illegal and you can get suedif in the rental application you mention xyz it's illegal and you can get suedif you put clause xyz in the lease, it's illegal and you can get suedif you don't put xyz clause in the lease, it's illegal and you can get suedif you sign the lease wrong, the whole lease is void and you don't have a leaseif you don't provide xyz to the tenant, you can get suednot to mention how unfriendly my state is with respect to landlords, if a tenant is not paying rent, good luck evicting them. plenty of properties in my market for dirt cheap because it has deadbeat tenants and nobody wants to deal with them.yes in an ideal world I have 20 lawyers and accountants on speed dial who I can call any time, but lawyers and accountants are expensive and I have done the math, at best if you are really lucky you can barely cover your mortgage, I don't have money for a lawyer.

Also, some people essentially abandon their properties to the tax collector, because there is some type of flaw with the site, i.e. access, utilities, etc.

On another post, I am working on a property and a couple doors down, one of these types of companies is holding.

Actually you can make any market, okay almost any market except CA, NY, WA, IL that type of market is very tough to cash flow, but for AZ, TX, FL, GA, NC, you can make those markets cash flow.

That is like getting in a plane versus a car and the pilot is like “I am new to this”… Curious and do not want to sound mean - but what qualifies you to have the skill set to buy this type of asset ?