Overall we have vastly more “good” tenants, and the law allows you to get rid of the bad tenants and maintain a desirable place to live for the good tenants who you want to keep.High-maintenance <=> High-Return: Those prior two points drive what I meant when I said the cash flows and NOI should be about double what they are on a “vanilla” MF (multi-family) purchase at the same price point, but it can be a high-maintenance proposition to manage the screening on the front end, the day-to-day management issues, the more frequent turnover and vacancies, and the frequency of needed court filings to get the keys back from a tenant when somebody is not being a good neighbor to your other tenants in the lodging house.Bottom line: We think we were right on point five years ago when we identified that SROs fill a critical niche that is in extremely high demand.

As you will soon find, there is no common definition of a turnkey property, and it can be very risky (and expensive) to make any assumptions.The ongoing management of the property is another area of vastly different approaches to turnkey investments.

Posting on random/obscure booking sites will probably only account for 1% of overall bookings. and the vast majority will come from the big players (Airbnb, VRBO, etc). 

I realize we're in vastly different markets, but still.In answer to your question, I would not file an insurance claim for $5000.  

Building housing is subject to a significant array of regulatory costs, including a broad range of fees, permits, reviews, and other requirements imposed at different stages of the development and the construction process, with both a direct cost and a time/delay cost.

This costs about $3-4000 I believe.The big thing to understand here is "clear title" and "free and clear" (of liens and encumberances) are two vastly different things.

Then they just go and talk to others like a mina bird repeating the junk this guy posted.If your licensed in GA Carl you should put your license number at the bottom of your signature.AS for not buying deals from MLS or realtors this is just total hog Wash I personally buy well over 100 homes a year and probably closer to 200.. and the vast majority are bought1. through the real estate community.2.

@Lynn Anthony the reality is the vast majority of real estate investors are working more hours than you.

As you will soon find, there is no common definition of a turnkey property, and it can be very risky (and expensive) to make any assumptions.The ongoing management of the property is another area of vastly different approaches to turnkey investments.

As you will soon find, there is no common definition of a turnkey property, and it can be very risky (and expensive) to make any assumptions.The ongoing management of the property is another area of vastly different approaches to turnkey investments.