I'm looking at purchasing a condo from a turnkey company in Indianapolis and it looks good on paper but wanted to check with you folks.Here are the numbers:Price: $65kRent: $1075 (2bd 1.5 bath)Expenses (PITI, PM, HOA): 697.8310% Vacancy, 5% Repairs, 0% CapEx (turnkey comes fully reno'd): 161.25Cashflow $215, ROI 16%Looking at the MLS, the condo complex has a dozen other properties currently listed for sale and they've all been on the market for some time now.

I am wanting to buy an apartment complex.

However, the investor sweet spot for purchase ans rehab is $120,000 to $135,000.

I think turnkey is the sweet spot between passive and hands on.There is a wide range of "turnkey" though.

Miguel "Mike" Perez Actually their prohibition on short sales to family members/related parties is purely an attempted safeguard to avoid "sweet heart deals" where they may get less than market value, and if it were allowed it would also encourage many to try and get rid of part of their loan balance by simply running it thru a family member in a short sale, and essentially retaining the property.  

I'm in Columbus Ohio so if you live in and have completed wholesale deals in Ohio your insight on this subject would be greatly appreciated.I'm in need of a short and sweet list of documents from start to finish to complete a residential real estate wholesale deal.

Thanks for sharing your sweet spot.  

There is alot of ways to go depending on what you want to spend and how complex you want to get, You can always get another Single room space heater Check out rinnai units.

It sounds like you set yourself up a sweet situation with the house hack you got going on and you knew what your intentions were for the property. 

In a complex, they would get ammenities like a pool, clubhouse, covered parking, and so on.