Hey mate,Sorry to hear about your troubles.I've been offering "true" turnkey properties for 10+ years now and have many scars to prove it.There has been and still is a huge stigma surrounding the industry and rightly so.The very best rated in the industry sometimes get blasted on the forum.Like with any business that has stood the test of time, we have had our fair share of successes and failures.We have done very well for many investors and could have performed better for others.Many times, we are to blame and other times it was the investors fault IMO.One thing I have always claimed is that we don't steal, cheat or lie and my team and myself work very hard and always make decisions with investors best interest at heart.Personally, I believe that folks that work hard and do their best shouldn't be crucified for an honest mistake when it happens.But, I guess others aren't as reasonable when it comes to such situations and I don't judge them for it.I take the punch on the chin and still continue doing my best.Over the years, I have made millions and lost millions but only blame myself when I loose.Not others.Also, I've always preached to start slow and only use cash which has cost my business 90% in sales volume.I just don't believe that investors should use leverage when first starting to build their portfolio.Reverse engineer and base all real estate, business and even life decisions from a risk analysis worst case scenario standpoint.If you believe that you can absorb a worst case scenario outcome, then pursue the opportunity.Build a strong foundation with cash owned properties and gain experience first."

Add a buffer (typically 10-20%) for unexpected expenses.Positive Cash Flow vs.

Purchase price: $218,000 Cash invested: $12,000 Sale price: $280,000 Partner Driven, in collaboration with Garrett Moretz, successfully completed a fix-and-flip on Sardony Lane, Charlotte, NC 28213.

Update: just talked with my agent and I learned the seller has over 10mil in assets and will put in the contract that they will pay off their mortgage with cash if for whatever reason, the property is about to foreclose- there's also no due-on-sale clause on their mortgage - I will get an attorney to look over the contract

Do they need a lump of cash now or soon... etc.

I'm hearing more about AP on takeovers that the new ownership did not seem to have knowledge of, and high AP at existing properties that have cash flow issues.   

We buy ugly properties and fix them up for cash flow. 

Carolina,It's really not as bad as you think because there are programs that will allow you to refinance to pull cash out or purchase a home with an "unpermitted" ADU. 

Purchase price: $350,000 Cash invested: $1,500 Sale price: $417,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a quick flip on Watering Place, Knoxville, TN.

With the last unit finished, I’ll be cash flowing around $3k/mnth.