Apparently, they are a crapshoot in many areas and buyers are relying too heavily on it when making an offer.

I would not invest heavily yet in a system as you may find it doesn’t fit your needs or style.

If a turnkey property, I assume out of area, I would make sure to heavily vet the PM as well as their contractors as you will need them at some point.

This guy is new to me but comes heavily referenced from guys I trust.

Most just accept and do not question the papers and of course banks slant it heavily in their favor.

All that is worth it ($) after you screen heavily and get the right tenants in. 

As an active buyer of apartment complexes of 100+ units, market selection is very important to a successful outcome.For the last seven years I’ve focused heavily on the major Texas markets, and that approach has been good to me, but 2016 is the year that I see a stronger potential to branch out to other markets as well.To that end, I’ve researched population & job growth, wage growth, net migration, costs of doing business, median home prices, housing affordability & starts, rent/cost of ownership ratio, rent as a percentage of household income, vacancy, rent growth, and other economic and demographic indicators. 

A topic covered heavily on here if you need to research it.

The MLO that I know that has researched this heavily claims you can talk about RANGES...just not specifics for the cost of money.

@Krishna D.Tenancy Law in Québec is heavily regulated and the Régis is tenant biased.