Figured it would work out with the original contractor.

Easier access to houses, a nice office to work out of, MLS access, earn commissions (or save on commissions), networking with other Realtors.

If you have any problems, just follow the lease and landlord tenant laws and everything should work out.

If your holding period was a cycle and a half or longer (in the US cycles typically last 7 - 12 years) and you could hold on through the down cycle things would probably work out fine.On the other hand if your holding period has to be shorter then it may not work out.

It may be a problem for those that are used to going to the office to pay, and if that's the issue, you could probably work out something to make it just as convenient for them as it was before.

I agree with Andy.Filing money with the court shows PROOF that you are not taking partial rents or doing a workout with the tenant and that you want full payment and nothing else.Here in GA if you take a partial payment the judge's sometimes see that as doing a workout with the tenant.

It did not work out.

@Rick Baggenstoss if you dont mind me asking, how did that process work out for you?  

Turnkey is not passive and can be very time and money intensive.

No one even knows what it is in our market because it for all intense and purposes does not exist.different world. thanks for sharing.