April is a GREAT time to start the rental season here and having 60 days to gut a place, put new into the unit and raise revenues.... well that's exactly my strategy - I just dont like tossing someone to the streets to do it however.Just think about the potential hard / soft costs of eviction... you can probably kiss any judgement goodby.

We both learned about that annoying 6 month seasoning on refinance rule on this one.Anyways, thanks again Tim, and thanks BP for providing a community where something like this is even possible.

You really have to have a handle on your seasonal average kwh consumption to get the best deal.

Otherwise you only see a snapshot and rent prices can really be seasonal.

Buying this way also eliminates seasoning issues you may bump into also.

Turnkey investing is very dependent on the market the companies are located, level of involvement desired, policies of the companies, pricing, warranties, and whether they have in-house property management.For example, the seasoned turnkey companies realize that their demand is driven by investors looking for a safe, consistent return.

I don't see a problem with switching to your personal name other than possibly a seasoning requirement to truly be in your name (i.e. having it in your name for six months before being able to apply for homestead, etc).Good Luck,Scott

It's not exactly moving season at the moment.

If I’m reading your post correctly @Eric Roth, they’re borrowing the bulk of the money from a conventional lender and obtaining the money for the down payment and reserves from you, which they plan to put in their bank account (sounds like they want to season it so they don’t have to tell the conventional lender it’s a loan).

@Cindy Richmond I respect the hustle to try and close a deal during busy season!