I think too many renters don't feel there is any downside to voting for every levy under the sun because they don't believe they pay for it.

@Thomas Robb I used to be 50% show rate and here is what I do now ( most of the the why is left out for now)Require everyone to set appointment via text or call to a call capture phone number - you need their numberText address and reminder when appointment is set  ( I use www.callaction.co Tell Jessie that Tim sent you)Day of appointment call all prospects (confirmed & non-replies to get more appointments)Show 2 days per week one evening from 6-7pm, Saturday usually from 11-12Set all appointments ever 15 minutes, so that they think it's a special time just for them, when in fact you often have 3-4 people scheduled at the same timeText reminder about 1 hour before showings startA couple rules:Never show one off people for any reason, I repeat any reason (too many downsides to mention)Never confirm a showing via email (Zillow, Trulia, Craig's List all make it too easy to send an email + you can't text or call confirmation or cancel last minute if it rents if you don't have a phone number)Always brag to prospects about your tenant friendly approach to scheduled block showingsNever tell them you have an "Open House" and "Just show up"  You want control, plus if there is no commitment on their part your odds of them showing dramatically decrease.Always explain your 1 hour block time strategy to your current tenants and sell them why they should clean so that they only have 1 hour of showings and not 20 random interruptions in their life.We get a few cancellations with the calls or the texts, but of the remaining, we have a solid 75-80%Cheers~Tim

There has to be some sort of down side, why isn’t this more popular?

What have you found is a downside to using a HM lender?

Down side to new construction is there is hardly any negotiation.

The downside is you will need to live there, for a minimum of one year (to satisfy FHA Requirements); AND because you closed personally, you will not have Asset Protection, in the form of closing in the name of a LLC.

The only downside so far with them is the wait time to get a house. 

This is another possible major downside to your plan.

But I guess if the interest rate is better than a money market then there's no downside in that arena. 

To me the largest downside of Turnkey investing is having to use large downpayments and limiting your ability to scale.