if you have all your cash (eggs) in one basket you are taking on a massive amount of risk (and reward).  

They will likely send an inspector to show compliance with city code depending on the type of store fronts (e.g. a restaurant setup will have different requirements in many cases than an art studio, for example).I would certainly invest in getting individually city metered utilities so that the tenants pay their own utility bills and there is not some messy shared arrangement that you have to deal with.  

Be persistent and stoic in your pursuits and you will be rewarded greatly!

Lets you build equity faster.You would get pre-approved before you go shopping, so you know what you should look at.All conforming loans are made to individuals NOT LLC.

It has been ruled not suspicious.The charges will now be sorted out by the courts and penalties range from $2,000 to $50,000 for individuals.

These 5 units are split across three individual buildings; two duplexes and one SFR.

The only people that complain about renting and leasing are individuals that do not take them to screen their residents.Flips: First off the TV shows are not real, so I would based your decisions of that.

*Property Tax*Maintenance Risk*Actual Construction Cost - you said paint & carpet that can be very relative*Vacancy*Time back to market post tenant turn---------My answer is no this is not a turnkey rental, again, this based on the true definition of Turnkey - How do you intend on managing it for the individual you plan on selling the note to?  

Welcome to BP you have come to a great community of like minded individuals who like to make a difference in the world.  

The correct answer depends on your goals and the individual deals.