I would be paying no where near 180, and the goal is to rehab, rent the six units, and sell as a "turn key" property.

key=0AsuwTI58q7nWdEp4ZFNQQ1dWd2czUlFpTWRqMzU0QlENow.

Good stuff - If I can help you in anyway, especially from a due diligence stand point before purchasing turn key, please don't hesitate to let me know.

A lot of good answers here but one key is to remember that these properties are valued based on the income they produce rather than comps of single family houses.

I'm down in Denver, and we definitely have a nice group of people in the Denver/Boulder corridor.As for getting started, the key is to find the strategy that meets your short/long term goals.

It seems to me a larger owner could influence the manager to direct tenants towards them and away from my property)*The property management company has a terrible website, and it begs the question how competent and reliable they may be*It is my understanding that I pay the management fee regardless of vacancy, however I'm not sure on that, perhaps someone who has had prior experience with these type of communities could tell me how they are normally structured.I apologize if I don't quite have the RE vocabulary down, but hopefully you folks can provide some advice and help me get my start in real estate!

It's amazing how some bidders buy property with 40k potential profit turn key based on what they found looking through the trash (clues).

The key for me is to get in without the ridiculous down payment usually required.

So the key is to set up a site that services borrowers and lenders and puts the 2 together like craigslist puts sellers and buyers of goods together.

I think the key to this one is you're finding people that just aren't motivated to sell.