I think the word "turnkey" can mean:1) property purchased through a turnkey company with a tenant in place2)  property purchased through a turnkey company, no tenant, but they may have in house property management or refer you to PM companies3) property bought off the MLS, usually with an agent, that is move-in ready/rent readyWith #3 I bought what was almost turnkey/move-in ready but after the inspection it needed about $1500 worth of repairs.

Hey Hares, I started to see the same slippage in a property management company I was using in NC and ultimately I made the decision to self manage everything even from across the country. 

Buyers are usually required to make a down payment and then pay the remainder to the lender over the agreed-upon time frame.All the best!

Hi All,I am looking to convert the basement into an ADU hence I will need to interact with local authority in order to obtain the building permit.

Assuming it's written in your management agreement somewhere that states the owners are current on all financial responsibilities related to the property, does anyone require them to actually provide a current mortgage statement, HOA payment record, taxes paid, etc..... at least at the time of the original management agreement signing.Recently had a new owner sign the agreement, only to find out after we had secured a new tenant for them, that they were in financial distress to say the least (inquiring about bankruptcy) .

I am always on the mindset to have the buyers chase my price up not the buyer go to my price I list at...

The zip codes here in Memphis that have the greatest appreciation will not have any cash flow.

I know there are large property management companies that manage properties everywhere, but I am curious how they overcome all the challenges of not being near the properties.

SHORT THE DOLLAR Both candidates, Trump AND Harris are inflationary... in their own way of course, but I don't care.They and the majority of congress are under a "deficits don't matter" regime.How do I short the dollar?

@Remington Lyman can you get out ahead of the deluge coming and help out?