Just be careful...There is a current "problem" with illegals squatting in unattended properties in South FL.You would have to prosecute under FL law and use the Police to remove them.Granted... this is a "geography specific" problem, so just be careful where you are purchasing.

A turnkey provider basically removes the renovation portion of the equation right?

The house was listed for sale on auction.com for $95k in February 2014, but the listing was removed a week later.

I was able to find the ad online and the rent is $1,300/month which only includes lawn care and trash removal.

We knocked down walls and created an open floor plan, removed the popcorn ceilings, replaced dated wood paneling with sheet rock, and installed hardwood flooring throughout the home in the first 45 days of construction.

The only problem is MOST banks want at least 1 year of rental income on your taxes before they will count it and remove/counter that mortgage payment on your primary home.

@John SuralikYou would need to execute an Amendment to the Lease which removed one of the original signatories.  

Once I have the closet/wall removed it will be on the exterior wall in the living room.

Yes, I've had to remove cat urine odor from a foreclosure we bought a few years back.

The seller told me that the tenant is behind on payments.Are there any special considerations when dealing with removing a rent to own tenant that is behind on payments?