Over time of building a relationship with them, you'll hear the good, bad and ugly.I don't think it's smart to jump into any major commitment without a reasonably long period of relationship building and regular contact.I'm not a fan of those large national turn-key property providers marketing everywhere.

and what is your exit strategy if after all the screening you got trapped with a bad tetant ?

Is this a bad idea?

Hi Nikhil, I'm not expert on this kind of market but wanted to flag how bad the situation has now become regarding tax and rental properties if you are subject to UK tax.

Probably need a lawyer if it’s that bad

Then you need to pull together the bad comps the appraiser is going to find and explain why they are bad comps.

Cannot speak for myself but I can speak for my (former) neighbor -- bad tenants. 

I am not seeing how many units are in this asset which would help.I would not personally want to be buying an asset that doesn't at a minimum kick off $100/door/month in net income.With only 2-400 in net income per month you are 1 bad tenant, 1 leaky faucet, etc. away from a loss.If you could see a very quick turn around on rent---IE: all tenants are month to month, and we can raise rents $50/unit in 30 days that might keep my interest long enough to dive deeper.Cash Flow is more important than the Cap Rate on this deal.

No this is a bad idea lol

I feel bad for the people who got FHA loans in July 2013.. they can't ever get PMI removed.