You always need to have enough "meat on the bone" so if things go a little sideways (they will!)

Finding a home in a good area with good bones and adding higher end finishes I think is a great option too.

Usually when I offer a high earnest money- if the deal has some meat in the bone, and build some kind of rapport with the agent/seller, they would go work with the soft POF. 

Cash flow, and the bones of this building.

Although the property has a good bone it needs a big renovation (100k-200k) .

Hopefully the deal had enough meat on the bone for there to be enough space for you to still be able to successfully refi when you originally planned on as long as interests rates don't make a substantial jump. 

There's a group of 14 guys arriving over the course of a few days for a job here.  The first guy arrived yesterday.  He had a broken jaw from a bar fight and needed some antibiotics from me.  He was just wearing pants...

@Jesse B. One

There is likely not enough meat on the bone for them to go to court. 

Turnkey made sense post 2008 when even factoring in profit for the turnkey company there was enough meat on the bone left for an investor.