@Matt BurrThank you for your reply, I’m learning a lot from the diverse replies I’m getting on this post.I just wanna explain 2 pointsFirst, as I mentioned in one of my comments above, what I learnt about turnkey is it doesn’t have premiums, they buy distressed low priced properties, rehab them and sell them at the market price.

Every state is different and they all have different laws pertaining to this subject.

I'm just debating walking away over this DD timeframe, but thought I'd reach out to see if anyone has any guidance here.Given that the owners own some other similar properties, one of my big concerns is that they could easily be running expenses against a different business, to the benefit of the subject property. 

You should a diverse buyers list as well.

Any situation with any subjectivity or grey area where lawyers can be involved is a situation to be avoided at all costs IMO.

@Matt Lord, if you transfer the property from yourself to an LLC (a new entity) you are subject to the transfer tax - no way around that. 

If you have a much greater deal on the horizon, then sell the whole thing vs. subject to.My 2 cents.Rick

.- the 50% rule and other rules of thumbs are just rules of thumbs so you can quickly scroll through a list of 50 properties and figure out if the subject property warrants further investigation.

I keep coming across deals with loans in place.However, when it comes time to make the offer, the seller always says, "I just want an outright sale and to be done with the deal."I state benefits such as this is a sale...

I have had a diverse group of tenants in terms of ethnicity, age, gender, income.