You can also rest assured that it will never collapse during an earthquake.

The PM I've been working with manages a large number of rentals and assures me the tenant quality is much higher than I would expect, but it's made me a little nervous about investing in the market, for sure.

If I were to pursue this further, what should I be looking for, for assurance that I'm not dealing with a scam?

“if there’s a dispute or disagreement, Roofstock is always there to step in.”All of that gave me the impression that Roofstock provides lots of support and assurance to newbie investors, especially newbie buyers.On the other hand, there are the "Property Managers", "Indemnity", "Limitation of Liability" sections in the Terms&Conditions that seem to conflict with the statements on their website, to some degree or another.It makes me wonder, does Roofstock abide by or own up to those statements on their website or follow provisions in the Terms&Conditions?

As the CEO of another turnkey outfit in Birmingham, AL, I can assure you that MI is one of the industry leaders.

By advertising you make yourself easier to access and you also give more assurance to buyers that you know what you are doing.

However, buying a rental at $30,000 is no assurance that you can make money with it - not by a long shot!

I only worked with the lender and the realtor- I knew starting out this would be a rental when I was ready to purchase a new home, and the lender assured me that it only needed to be owner occupied for 1 year, and 2 years in order to not repay the credit of $3000.In January I purchased a second home and got an owner occupied loan on that residence.

So, to give myself some assurance I would prefer to take title of the property....but if the property taxes are reassessed the guy will not be able to afford them.

That said, if you find a contractor with whom you feel comfortable, and can assure them that if you get the project, they get the project, then you might find someone willing (think similarly to the agreement a buyer's agent may have with their client).It's one thing to do a quick walk-through and give you their take on the project, it's another to invest hours into preparing a bid for a project that they may not get (simply because you did not get it), or later have to bid against other contractors to get once you do own it.As for hiring a GC for your initial project or two... that depends a lot on your construction knowledge, your network of subcontractors, available time to do the scope clarification for each and every trade, coordinate their activities with one another, etc.