Otherwise, run all your numbers on a condo conversion basis (if it is where I think it is) and then get HM and a partner to do the deal, OR wholesale it to Legit local buyer (I know of at least one AAwesome one!)

It's legit, but you don't get personalized coaching at that price, maybe if you pay more.

When they sell you on the "community", it is legit.

After that 3 day audit I had back in early 2012 over my 2009&2010 returns they nailed me for SE taxes & disallowed legit well documented mileage etc.They sure make you feel guilty going in & after I cut the check for the extra owed plus penalties I got the distinct feeling they were going to audit me every year thereafter.BUT I just got notified that I over paid my taxes for those same years ??????

A hotel/casino owner in Las Vegas got word that one of his front desk employees was treating some folks poorly.

The bottom line is if you want somebody to put something into a nice little box with a bow on it you will pay through the nose for it.Just like information you can dig yourself or pay someone for the info already packaged.So it's 300 then 276 and then take away a normal vacancy turn rate for a good area and you are closer to 200 a month if everything is perfect.It's a marginal deal at best but for investors who want turn key it's what you will get.I understand investors not investing in their own back yard if it is not a cash flow area and is appreciation driven with high price points.Every investor has a different threshold that constitutes a deal to them so what is a great return is subjective.So from what I have seen turn key people are selling legit marginal deals or they are over inflating properties.I have not seen turn key sell smoking deals.Many investors are not flipping anymore because of the long hold times with FHA seasoning.Instead they sell these turn key properties with alternative financing.The churn rate and number of properties that can be sold is much greater to investors than home buyers.

BrandonLet me also add... you are out of state... your current PM is going to keep collecting until you get a new one and convince the tenants which PM is legit. 

It has a legit purpose and should not impact the owner in any negative way.

If there is reason you need it as a bedroom, look into the cost of doing it legit and see if it is worth it.

I was just pointing out that there is some legit insurance available.