I would be concerned if they are legit.

If there's a lot of lawsuits government regulators will be concerned.

Sorry to ask I’m newbie, business owner working long hours and leaning towards turn key too for the first rental but at the same time concern to do business out of state where I can’t check in person the property.

IE tenant or subsequent buyer defaults causes huge damage and your now faced with negative cash flow for a year and 20k to fix the place. if you can handle that its okwhat happens though is you have unsophisticated sellers and in a lot of instances the home is lost to the bank and the sellers credit is trashed.. plus many times they want to buy something else and with this mortgage still in their name they cant.its just a very risky dangerous thing for a seller. 

My only concern is that accepting payments for good and/or services is against Venmo's terms of service. 

My main concern is my tenants are basically professional system abusers and I wouldn't be surprised if when the constable shows up, they magically have a check with the outstanding rent owed. 

Yikes...I'm concerned about several things:What is the market rent there? 

In my mind, this kind of advice is dangerous because it implies you can buy without putting any money into the property.

Short term and even with a $300 per month utility expense, we would still be cash flowing ~$300 per month, so it's not a huge concern, but as this is a dynamic expense, we would be looking to transfer utility expenses back to the tenants. 

@Brian PulaskiYes I knew the electrical was like that, and wasn’t too concerned, I just knew it would have to be fixed at some point.