I think for a first buy you might want to look for something that is a little closer to turn key.  

Our background has been in health care and so our ultimate goal would be to open turn key long term home care facilities for health care professionals who have been working over 12 hours daily taking care of other people's families while missing out on their own family life.

you are also going to command much more in kw than the other keys.

It sounds like having a contractor that has been vetted and approved by the lender is one of the key things to getting the loan through.

I have several questions for investors buying turn key properties (specifically in Birmingham, AL).

BP is a great community, make sure you take advantage of the key word "alerts".

Diary entry One- I just spent a month doing the due diligence, aligning the management team, developing relationship with key players (particularly the lender), and I am almost there.  

Plus if the senior loan goes to sale they can benefit from a cash for keys deal if the bank takes it back or if an investor buys it. 

Insurance is the key to protection.

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