Jay is correct capital is needed and most folks don't have that.We are building both retail and turn key rentals here in both markets.

But, it seems like by buying a turnkey, you run a good chance of buying a property at retail market price or higher, which means it may not appreciate for a long time, and unloading it could be painful.I have about 150k saved up to invest at the moment and am looking for a good balance of CoC return and equity appreciation.I would not plan to live off of cash flow from my investments for 10 or more years.

The only way to minimize that risk is to pay retail price for a professional contractor that could understand WBS, scope of work, and at least know how to read full set of plans.

There are numerous apartments, a Marriott hotel,  dog friendly parks, walking paths, fountains and small "lake", entertainment venues, night clubs, retail, boutiques, yoga, gyms, restaurants and personal care beauty services minutes away, There are many corporate HQ's within a few minutes drive, plus it is on the tollway and 5 minutes from 121.

I consider the possibility of rent control in Richmond at some point, if rents keep increasing at this pace..

LOL.Yes, I get that flippers are sort of contributing to the rising prices, but so too are the retail buyers buying personal residences.

We have 35 years experience doing residential and commercial projects from SFR, multi family, office/retail condos, office parks,office/medical office buildings, SFR subdivisions, etc.

This is a mixed unit building, 8 apartments (1BR/1B) and 2 retail offices.

Markets property to retail buyer as owner financing, asking 10% non refundable down and first months payment.

All prices are retail and will be lower with a QSP or our wholesale distributor.