So there's another way you can unexpectedly lose money on a flip - an external force that causes enormous deflation of the currency you used to buy the asset (Dollars), assuming that you can't get someone to buy that asset with a stronger currency (Say, Yen, 'cuz we all know the Chinese are gonna buy America. )

I should look into getting an external property manager for a minimal fee even though I do most of the work.Being beneficiaries of IRA, we cannot possibly 100% contract things out.

External factors also reduce the value of RE over time, it's no longer the best location for example.

In what world is establishing your own broker/contractor teams, doing your own research, hand-picking your own PM, and having final cut on tenants (if you so choose) a worse scenario than putting blind faith into a company that profits from you continuing to buy (and thus will shape your opinion of good/bad deals to fit their inventory).I'm not saying turnkeys are bad, but I am saying they sit on the opposite side of the table from their customers.

As an agent I consider it External Oblesence and it would detract some buyers.

For only a 1 time fee of $25,000 you can get all these amazing handpicked deals that no one else wanted but we found just for you!

However, all four buildings are part of the same HOA, the HOA covers external maintenance on all the buildings, and the common grounds (parking lot, etc).  

I would speak with an asset protection and real estate attorney in your state along with reading a little bit about external vs. internal liability.

Problem is said to be an external underground plumbing problem on the exterior, suspected Storm Water Drain.

I think I will follow your suggestion on the blog, as I do need external accountability, as well as perhaps an additional resource to be drawn upon without paying hundreds of dollars in tuition for a "guru course".Tootles...Jim