Yes these deals for strip centers with multiple tenants the sweet spot is about 3 million and up.You can find smaller centers of 2 to 3 tenants for the 500k to 1million or so range.

Originally posted by Brant Richardson: My personal feeling on turnkeys is they are good for somebody who wants to stay focused on their non real estate career but would like to invest in a property or two.You are spot on Brant.

It is really just for bikes and what not, there are 3 spots in the driveway so a car parked in there would likely be blocked in.We have two units with space to accommodate washers and dryers, so we are considering adding these amenities to them and then charging a bit more for those units.  2 out of 3 of our houses have laundry in the basement (shared by all tenants) and we might also add laundry to the 3rd house.I always let my tenants know about upcoming vacancies in case they want to move to a larger or smaller unit, or in case they have friends who need a place.  

There are bright spots in both Cleveland and Akron, but that doesn't mean broad returns and rising tides.

Our selection was spot on... empty nesters, thinking about downsizing, tired of the up keep, thinking about selling as-is.

It looks like painting is going to be my biggest cost, I may have to clean carpets and patch a couple of spots of concrete and stucco, but even at $2000 I am going over 70% a bit.

The prep process was very labor intensive (knocking down high spots with a sander, filling in large cracks/gaps/gouges with cement filler, containing all the concrete dust from sanding) and laying it down took several days of fairly difficult and slightly messy work.

When you include the basement as part of the unit, I’m told they tend to wantto see multiple spots for egress.

So base numbers and offer on stabilizing at a lower market rent and leasing closer to market in years 2 to 3 of stabilizing.Generally the sweet spot is 50% occupied or higher to where everything hasn't been trashed yet and per door rehab is at a minimum to get performing versus full guts.

What @Amit May is spot on and you can make very good money investing in the Bay Area if you start in your local backyard.