I have now put a plastic cover on it to stop it from getting wet but those lights need air circulation.

Yeah that is an area known as the base. those are all formally military housing in there from when the airport used to be in Air Force Base.

The comparison of a turnkey vs brrrr are polar opposits.Turnkey = On market, no work, little if any equity capture.Brrr = Off-market (hopefully), tons of work and tons of equity capture when done right.A closer comparison would be to buy a rent-ready house off the MLS in your market and hire a PM or do an OOS TK.  

I live close to the Delaware beaches and I wanted to get your insight for targeting absentee high equity owners with the goal of doing Luxury AIR BB on them.

@Bennett Pinkley You could hire an attorney and work out a payment plan with them that best suits your needs.

It will take them more time to train someone to do something than just hire out.  

Otherwise, hire a property manager with a good reputation.https://apps.leg.wa.gov/rcw/default.aspx?

The danger is the majority owner can do as he pleases, raise HOA fees, then hires himself at inflated prices as the PM for example.

This space will be redeveloped as an open-air community center that has picnic benches and areas for families to gather.New mailbox facilities will be installed at the entrance of the park to prevent tampering of other peoples mail.

Fix and Flip...Fix and Hold....BRRRR...etcHow were the costs of the repairs determinedDo you have the funds to start the project and make it to through the first draw (if the loan is setup that way)Things that make the lender feel better What is your net worthWill you be the general contractor or will you hire oneIf your credit score is low, do you have bankruptciesWhat is the expected time frame to finish the renovationsRemember in hard money lending we feel that each deal should be a win-win-win, so we want to do the deal to help you get started on your project and help our lenders make money.