Turnkeys aren't perfect and a TK buyer should know that they need to a) do due diligence on the property as thoroughly as any other property and b) they need to be ready to step up and manage something (likely the property manager) if things aren't going well after the purchase.I'd imagine some people will say the pitfalls are based on inaccurate advertising by the turnkey provider or the rehab quality not being up to par or something, but the reality is--those things happening should've been checked up on during the due diligence period by the buyer.

Its simply a way to get a few grand out of your pocket and into theirs for a bunch of largely useless educational material.

I've never done it, but I wonder if a possibility in some situations is simply to tie up the property through a legal proceeding so that the seller can't sell it with clean title to anyone else for an extended period of time.

I joined the school of hard knocks education in rentals and built a great team as I traveled for work in 2009. 

My question is, should i file for an LLC while i am educating myself  or stay as a sole proprietor and wait until I get my first property?  

Been self educating myself for awhile with books, podcast, webinars.

IF I purchased a tax certificate ready for Foreclosure (i.e. past the redemption period?)

I apologize in advance for not being more educated, I am in the process of learning but it helps me so much to get feedback here.  

Great educationally tip!!

Is it education or medical debts?