.§5-2 The Property Manager shall terminate management of a property if the Client does not comply with habitability requirements.Article 6: HANDLING OF FUNDSThe Property Manager shall hold all funds received on behalf of others in compliance with state law and shall not commingle the funds with personal or other business funds or use the funds for other than their intended purposes.STANDARDS OF PROFESSIONALISM§6-1 The Property Manager shall keep appropriate records and shall prepare and furnish to the Client accurate and timely financial reports relating to the Client’s rental and funds in accordance with the terms of the applicable management agreement.Article 7: AREAS OF EXPERTISEThe Property Manager must provide competent service within his or her area of expertise, and refrain from the unauthorized practice of any other profession for which he or she is not licensed or qualified.STANDARDS OF PROFESSIONALISM§7-1 The Property Manager shall perform only such services in such locations for which he or she is qualified and can reasonably be expected to perform with professional competence.§7-2 The Property Manager shall not perform and shall not represent that he or she can or will perform services outside of his or her area of expertise, particularly services that require a separate license or qualification – such as law, accounting, financial planning, construction, and/or contracting – unless the Property Manager independently possesses such license or qualification.Article 8: COMMITMENT TO FIRMThe Property Manager shall act in the best interests of his or her property management Firm.STANDARDS OF PROFESSIONALISM§8-1 The Property Manager shall not have any undisclosed conflict of interest with his or her Firm.

of course the sponsor is making way more than 12% they have to to make any money and i get that model because its a ton of work and risk.

No remodeling or things that would obviously require a permit or "expertise".

How is that in any turnkey model acceptable?

@Andrew DSouzaWhile crowdfunds may have a preferred custodian, they should be able to work with any custodian.IRA Services has the advantage of a flat fee-per-service model, which makes them favorable for you and this type of investing. 

I have not researched it nor do I have expertise in markets outside of Cleveland. 

I've reached the point where I can't even look at a late-model sports car being driven on the street and not laugh.

FYI: Not a proponent of using Excel models in stabilized business with large volumes of data. 

There also is a lot of people that say what can't be done and not a lot of clarity on how to make an approach work.Turn key may be the best strategy for me but I think at some point I believe opening options beyond ones back door will be needed to expand. just becasue I started the turnkey review site as a public service is not me endorsing any company or the model..

@Wei Cho try reaching out to @Logan Allec who is a CPA in LA and is usually very willing to share his expertise on BP, and I believe offers a free consultation.