@Jesse Whitacre too true. 

The biggest challenges with Turnkey providers:1) Terrible renovation work - we've taken over many properties that investor bought turnkey and they were shocked to learn the true condition of their property from our TakeOver video.

We stayed true to the style of home when rehabbing.Did a personal appraisal because I thought it was worth more than the going price of the neighborhood.Comp came in at $100k, in a typical $50k neighborhood.

The biggest challenges with Turnkey providers:1) Terrible renovation work - we've taken over many properties that investor bought turnkey and they were shocked to learn the true condition of their property from our TakeOver video.

Just be aware that in this hot market, coming across true BRRRR properties is pretty challenging.Hope this helps,Glen

Also, I know this would be a "flip" and is somewhat controversial when referring to real estate investing and with that I have a question if it is possible to take any equity from a deal like this and reinvest into a true income property to defer taxes?

I've seen this hold true in so many different places.

Maybe a lower down payment will not impact your payment dramatically but will help you preserve funding for the next project.Thats true.

Is this true?

The true secret to success is failing up.