Portfolio lenders/commercial lenders usually restrict LTV due to two reasons: property struggles to cash flow or your credit score.However, we still usually see 65% LTV or so in these conditions -- unless it cash flows very bad.

Any turnkey investor should ask very probing questions of the turnkey provider regarding the condition of all mechanicals, roof and windows prior to entering into a deal.

I would as far as what to be aware of, when you purchase a property with existing tenants you are bound to the existing lease conditions until their leases expire. 

In other words, if you’re think today’s overall homebuying conditions are sustainable (I’ll bet you sell real estate), you’d argue the top of the rankings are simply the nation’s “hottest” markets.

@Meghan CusterAside from the aforementioned market conditions and best use scenario, what is your financial position (that is somewhat rhetorical given this is an open, public forum)?

Purchase price: $58,000 Cash invested: $13,800 Sale price: $101,500 Bought this 4 unit in bad condition and without tenants.After fixing the place I brought good tenants that get help for paying rent - like county assistant.COVID19 made it difficult to handle tenants in that area but hard work paid off.I sold the property to take over a better dealI have attached some photos of how all units looked like after the fix-ups I did.

I would discourage you from "jumping in" without educating yourself, knowing the market conditions, or understanding the numbers, etc. 

we've been able to avoid evictions for offering $500 cash to leave in most cases...paid on the day the tenant is out and the unit is verified in good condition.

It could be that they just want to see the condition of their units so they know what repair requests may be reasonable. 

The house is in good structural shape, but will require some work to get it to either selling or renting condition.