@Lucas GonzalezThe biggest challenges with Turnkey providers:1) Terrible renovation work - we've taken over many properties that investor bought turnkey and they were shocked to learn the true condition of their property from our TakeOver video.

Again, permit costs in some areas leaves me in sticker shock when I see what others are paying.Some of the items are sort of in line with what we see but others are high enough to make me want to drive up to your area and start tackling work like this. 

You’d be shocked by how little actual screening many PMC’s do!

You’d be shocked by how little actual screening many PMC’s do!

You’d be shocked by how little actual screening many PMC’s do!

None of these would be shocking or concerning to me on an inspection report, the equipment is old and will need to be replaced, this is standard. 

You’d be shocked by how little actual screening many PMC’s do!

In addition to the holdback I would get in righting that the rent automatically changes to something well over market a month (or day) after the agreed on period.What you want to avoid at all costs is the seller having any economic incentive to stay.Most dangerous when you see "subject to seller finding suitable housing..." lots of people really don't have a plan and are shocked at the new price of things and get cold feet.

However, I was very shocked when he provided an updated estimate for the 1st unit he started working on, the price was 50% more than the original quote.

That way they aren't shocked with the crazy increases but you can get your rents to market.