You need to be open, honest, and upfront with any potential sellers, at the very least.

I always advise everyone to operate legally and ethically and to be honest with the sellers and tell them exactly what you are doing.

I do have some large expenses coming up in the next few years such as replacing the oil boiler with a gas boiler (the basement floods a increasingly and the oil boiler is oddly the lowest point intentionally) and the roof is probably 5 years out maybe a little longer.I’m grateful to be in this position and honestly got very fortunate with how the cards rolled out on this one.

Account Closed I'm still new to RE investing, and honestly I can't afford investing where I live in CA nor have the time to travel to a different state to manage a rehab project, so I though turnkey is they most suitable option for me, and from what I've been reading everyone says that turnkey doesn't necessarily mean I've to pay more or pay a premium, they buy distressed houses at cheap, rehab them and sell them at the market price.

@Blake Rosevear I don't think the BP community can answer that for you to be honest. 

As long as I’m honest up front it’s just part of the business.

The scenario you're concerned about is also the same if you take any other form of unsecured debt (credit cards, etc.).Being brutally honest, most borrowers don't consider this aspect when they borrow.

If I were completely honest with myself I'd prob say that we wouldnt place at least one of the tenants if we had to redo it.

Hi Experts,After couple of years with my management company in Cincinnati, i'm thinking to change it.My biggest disappointment from the current company is that fixes and maintenance are very expensive and too frequent (also reoccurring issues).I have properties (all multifamily) in those areas:Avondale area (McGregor) and price hill (Rutledge).Would be great if anyone familiar and can recommend on good and honest company handling those areas.Thank you very much,Ori

My goal is to get my first deal (to househack) this year, but if I'm being honest with myself, I know that it won't be before the spring as Q1 at my day job is insanely busy.