An inspection is crucial to catch any major issues upfront.

We had a record breaking online attendance this week, hope to do the same next month:  Top 10 Title Issues Real Estate Investors have to solve with Accurate Title

If funding is an issue, you do have some options.

The taxes are higher, the properties are older, however we account for those issues.

Of course it this becomes an issue for the property management company, they may chose to stop managing the property.- The owners don't share any of the equity growth with the management company.Drawbacks of Turnkey properties- They are usually purchased at market value (or sometimes just a little bit above) so that after paying closing costs the investor who purchased the turnkey investment has a lower net worth than before the purchase.- There is no discount or created equity over and above the amount that is used as the down payment for the home.- The management company charges a management fee of 10% - 15% which can be a little higher than average property management companies, but that cost may be offset by higher quality of services.- The management company also charges for other services such as fee for coordinating maintenance and repairs, and turnover and releasing.

Once you’ve got a little experience under your belt then you can attempt buildings that need more renovations/repairs or have had management issues.

My line of thinking is, Airbnb allows "Legal Entities", IE a multi member business. 

You could see an attorney or even better talk about it with your financial planner many have legal tech now that makes it essentially frictionless to get your estate work done and keep it updated.  

They seem legit insofar as everything seems legal and kosher.  

Renovations were quite a bit more than we had expected due to more issues than we were aware of.