I have been doing some due-diligence on apartment syndication deals.

If nothing else, going through this due diligence process on this parcel will be a great real world experience for you and you will come out the other side a wiser investor for future deals you do buy.

That is why i am doing my due diligence to avoid fitting inside that criteria.

It includes details on how to select markets, establish criteria for selecting properties, due diligence and underwriting, etc. 

I have spoken with both tenants numerous times during my due diligence and they both said that the current property manager and owners don't give a S#&T about them or the property. 

There are so many variables that come into play and we've learned over time and incidents that due diligence on the front end plays a key role, but isn't enough.

Most of these gurus know very well they can get folks excited and seeing $$$ and that real diligence typically goes out the window in the frenzied rush to get started yesterday.

I did my due diligence along with my realtor and we came up with ARV of about 270k and rental comps of about 1,300 per unit.

Obviously these are the basic questions to start out with, and you have to do more diligence on the property itself along with an inspection report, but I suggest jumping in once you do find a property you can work with in your budget. 

You have traded a LOT of time and energy and risk for a higher potential reward.The turnkey option means that you don’t need to do any of the work I mentioned above, this doesn't mean that you won't also have to do your due diligence.