With my manager present.

It's really just presentational and doesn't matter assuming everything else is done correctly.The important thing is the depreciation schedule. 

DURING the property inspection... is there suppose to be a tenant present and no one from the turnkey company present ?

Value add renovating units, curb appeal, washer dryers etc.Also focus on lowering expenses and utilities and no major capx renovations.Execute analyzation Of owner financials T12,T2T3, lease loss,Rent rolls, taxes, expenses, future irr, vendors Perform due diligence, loan product and title investigation.I’m putting together a booklet presentation with market analyst and Investment Property Example to show potential investors or simply fund my own deal.So much to write but I’m learning.Back to the books, blogs, podcasts, YouTube videos absorbing it all like sponge.Best of luck to all ✌🏽 in 2020 & years to come!

Value add renovating units, curb appeal, washer dryers etc.Also focus on lowering expenses and utilities and no major capx renovations.Execute analyzation Of owner financials T12,T2T3, lease loss,Rent rolls, taxes, expenses, future irr, vendors Perform due diligence, loan product and title investigation.I’m putting together a booklet presentation with market analyst and Investment Property Example to show potential investors or simply fund my own deal.So much to write but I’m learning.Back to the books, blogs, podcasts, YouTube videos absorbing it all like sponge.Best of luck to all ✌🏽 in 2020 & years to come!

Assuming I come across properties like this when I'm ready, I want to be able to capitalize as soon as they hit the market and present an offer ASAP.

Its all in the presentation and finding the right lenders. 

You will find this trick to be common where sellers and brokers misrepresent the real expenses that will be present on a property. 

Like tech start-ups (the world I know), anyone can put together a nice presentation, but credibility is the key to reducing risk. 

That said, if the private investor is experienced and simply providing financing,  s/he would have presented you with a set of terms (rate, duration, costs, etc).