. , To simply answer your question:1) You do not have to worry about the depreciation for 2017 since the property will not be placed in service in 2017.

If you're looking for a turnkey (lower-case t, as in tenant-ready but not sold by a full-service Turnkey provider) then there are tons of red flags here.

You’ll want to ensure all RV sites have adequate and working hookups along with amenities (bathhouse specifically) to accommodate short term stays if an option.You will likely have someone in the community run day to day operations, because it can be a cash business you need someone you can trust but always monitor the books!

I've worked with Jim in the past and I'd planned to use his services, but he's on vacation until March 3rd.

Also, there are a lot of great services that you can use to send out folks to do inspections on your behalf.

I currently run a service business locally (UpTown Detailing, you may have even seen our trucks around at times) but I am looking to transition out of it. 

The PM should understand what level of service you need and meet you there.

Price 175000 Gross rent 26100 Insurance  3156 Taxes 2535.96 CapEx + Maint (10%) 2610 Vacantcy (5%) 1305 Utils 6300 Mgmt 1827 Yearly Expenses 17733.96 Yearly Net 8366.04 CoC Return (no debt) 0.0478059428571429 Debt service 11700 CoC + Debt -0.095256 Rent per door -92.61

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Chase has over 800 billion in their servicing portfolio so, I'm sure they can manage the winterizing and property taxes on an REO for a couple of years if necessary.Chase can do whatever they want with the property if they own it.