A seller is not required to know the material condition of a property, only to disclose the conditions that S/he know to be true.

The biggest challenges with Turnkey providers:1) Terrible renovation work - we've taken over many properties that investor bought turnkey and they were shocked to learn the true condition of their property from our TakeOver video.

Condition: "If you had a extra $20,000 to spend on the property, what would you do to the property?"

Like I said units are in really good condition and need absolutely nothing.

The floors are in good condition and so are a lot of cabinets that can just be repainted.

@Luke Carl are there certain conditions where  your vacation home can also make an income without it be considered in “investment” purchase?  

You could offer the tenant money (through the lawyer) to have it vacant upon closing (and in good condition).

This is not necessarily a negative since you will have a house that is always in perfect condition with few surprises in terms of maintenance.

I manage about 400 rentals and just know off the top of my head what something will rent for given the size, layout, condition, location, amenities, current market trends, etc.

I would advise bringing on a real estate attorney to draft the new terms and conditions once there is an agreement.