Here is info:VT multi family 4 units all 1 bed/bath2 units with oil include heat in rent at $800 for one and $825 for other2 units with propane tenants pay heat at $650 eachTenants pay electric, cable, garbage etc.Income is $2925Expenses are:Tax - 303Ins - 200Utilities - 427Vac - 234Repair-146CapEx -292PM-292Mort-490Total - $2384Cash Flow- $541541*12=$649220%= 26600Closing = 8100Inspect = 500Total 35,200(6492/35200)*100= 18%Looks awesome!

Would be looking at probably just 1 bed 1 bath condos on the beach for no more than 220K.I'm a newbie to real estate and finance, I'm a a Registered Nurse by trade, so I appreciate yall's advice on where to start, how to go about financing this deal and if it would be the right decision for what we're wanting.

@Ahmed Youssef if Turnkey is only offering you properties at retail and then making you sign a contract that obligates you to overpay if they missed their numbers I don’t see why you would buy Turnkey to begin with.

I started analyzing properties on MLS and came across a double in a good neighborhood in our area that was listed at 370k (the New Orleans area is expensive in good areas).  3 bed 2.5 bath both sides and approx. 3500 sq. ft. total. 

I'm sure if it is the insurance company that keeps them I would think they would want to sell them to a retailer to regain some of the funds.

Are they listing new inventory on the books at retail price  or the price they purchased the bulk order for? 

Purchase price: $29,000 Cash invested: $25,000 3 bed 1.5 bath house in Bolles Harbor, walking distance to beach and marina.

But if you don’t care that much about having an advantage on good deals, then find a realtor to do this work for you and pay retail cost if you’re lucky enough to not get outbid in this compatible market for good deals.

That happens almost millions of times a year in commercial retail real estate.

Perhaps a Murphy bed if you like the look.