I understand that FHA puts me at a competitive disadvantage when purchasing but Id like to fully understand my options.

Any turnkey investor should ask very probing questions of the turnkey provider regarding the condition of all mechanicals, roof and windows prior to entering into a deal.

Also if your place if far below market rate you can apply for rent increase approval with the city to correct the rent amount as long as your operating cost doesn't meat the amount you are receiving for rent.Hope this help someone like it has helped me.  

I'm currently interested in BRRRR or flipping, but I'll be doing this from a distance as I live in NYC and getting started in this market isn't feasible for me at this time.  

If there is a lot of meat on the bone, and we know the client can recapture the upside with a couple rental increases (generally ours are at minimum 5% given the way laws are written) we know the property is a good fit. 

If this notion is what leads me at any given moment then I am looking at my financials and thinking -  can I support this learning experience if it turns up to be nothing but that...

I would love to share anything I know and also learn from you. feel free to contact me at any time! 

If your deal depends on the I/O financing, there probably isn't enough meat on the bone

We had already rented the home for 2 years, the landlord knew we were interested in moving on and offered to sell it to me. At

For 2400 sq ft that puts me at $1,080,000.