I create capital LOC's for bigger higher volume players..

Adding insult to injury, I was still charged a processing fee from erentpayment.I called their customer service number, and was greeted with a message stating "due to high call volumes, we are not taking any phone calls at this time".

The high volume low margin business in my opinion is not something Zillow should be getting in to.I mean really?

You would probably get sued frequently if you were doing high volumes, whether or not you actually ran afoul of the FCPRA etc.

If the math works out that the lower value still gives you more net, than go ahead.You are super low volume at 2 houses a year, so you do have all the time in the world to find your own buyers. 

@Curtis Mears well Zillow’s model was to lose a little to a lot of money on every purchase….But they planned to make it up on volume :)

So you do have to be very careful in evaluating turnkey companies, understanding their reputation, talking to investors, understanding the average number of properties purchased by their clients (the old rip me off once your bad, do it twice my bad If people have bought 20 properties then to some extent it has been meeting that investor's expectations), do they actually benefit from scale or volume in a way you couldn't, etc.  

I am looking to start purchasing houses to rent in the near future and, currently, I am considering purchasing in Louisville, KY and wanted some feedback on the type of property to invest in.I was wondering what people experiences have been with starting in real estate investing by purchasing cheaper older houses expecting a higher turnover rate vs. spending a bit more and trying to find longer term tenants .I have thought of pros and cons of both but I am considering starting out with cheaper houses and eventually, after having several units, purchasing more expensive units to try to get more long term tenants.cheaper houses higher volume pros:1) allow me to pay off the property sooner2) allow me to purchase more units faster3) Easier to afford if unit goes un-rentedcons1) higher maintenance costs due to age of house2) higher turnover rate for tenants due to proximity to college campus3) depending on property manager, turnover rate could drive up the cost of managementmore expensive, lower volume pros1) lower maintenance costs2) possibility of lower turnover if long term tenants are found3) nicer houses allowing higher rentcons1) would take longer to save up to purchase2) possibly more straining to pay mortgage if unit goes un-rented3) possibly lower profit margin due to higher mortgage paymentI know there are many more pros and cons for both but those are the top 3 of each for me.

.#9 was more to just asking how nay deals investors might do, just to get a count, it had nothing to do with restrictions, just the volume of expected business.FROM HERE DOWN: all are welcome to read but it's in response to Dion and may not make sense to everyone.Note purchases, interesting.

There's no standard, it will be influenced by the volume of houses you flip, and the total profit you make.