Account Closed, you're not operating on a time line.  

I'll just put 5% down, and continue to do that every 12-13 months until the bank gives me a hard time.

If this was done prior to the reno, it's likely the majority of the cost can be written off as operating expenses under the De Minimis Safe Harbor.

there was a lot of failures in this model with some of the poorer providers who are no longer in business. this led most TK operators to only offer product post rehab and many with tenant in place.. of course the holding costs of doing this must be backed into the end price.So if you can find a VERY good and reputable company that can do pre hab type deals you should be able to get a better buy as it relates to basis in the property.  

I do not want to run the day to day operations of managing rental properties. 

If i get a good response I can continue as they become vacant.

With that said, my search continues.

We are evaluating the options now and continuing the negotiation.

I'll just have to continue to double down when I get home.

@Rita Koroll,As for HOAs, you need to consider them as an additional operating expense just like property tax.