I meet the requirements, which are: 1) More than 640 credit score. 2) No missed payments 3) No second mortgages 4) did not use a down payment assistance program to buy the home.  

We do this on both the buy and sell side.

you have Newburgh, the Lehigh Valley in PA, northern Fairfield County in CT... here's what happens to folks who buy far away because the price point is low:https://www.biggerpockets.com/forums/48/topics/1137397-balti...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...https://www.biggerpockets.com/forums/963/topics/1195280-expe...

Hi Everyone,I am doing some research and planning on buying a rental property next year (I am currently saving for my wedding).

Welcome to the forum Ranil,Turnkey properties are mostly buy and hold.Can't really "flip" them per se as the provider will not leave much (If any) equity in the deal.

Ideally you'd evict the tenants, find some other sucker to buy your high-crime neighborhood property, and start over somewhere else (even in Detroit).

In theory you can buy a house in St.

It sounds like the lenders won't really allow us to change the name on the loan after purchase typically and if we buy in the properties through the LLC the 1031 exchange would be disqualified.

Like if you want to become a wholesaler or if your buying a deal from a wholesaler? 

I can buy the idea that he just started a business & is trying to get a footing.