You can get a good 3 bedroom for $370, and a good 4 bedroom for $400+450. 

@Dan Shelhamer I would not treat them the same the foreclosure affects there credit score and as long as they still met my minimum credit score I would rent to them.

These are professionals with additional training and a stricter code of ethics.

I'm supposed to look at a triplex and a single family home soon.

New to BiggerPockets, and a "new" investor.

Let me see.. that was over 600 words..that will be 3 chickens and a milk goat!

Tenant left everything behind after few months of court and a court order.  

Turnkeys aren't perfect and a TK buyer should know that they need to a) do due diligence on the property as thoroughly as any other property and b) they need to be ready to step up and manage something (likely the property manager) if things aren't going well after the purchase.I'd imagine some people will say the pitfalls are based on inaccurate advertising by the turnkey provider or the rehab quality not being up to par or something, but the reality is--those things happening should've been checked up on during the due diligence period by the buyer.

On the surface of it, this is a terrible loan for you (and a great one for the Seller)!...

Wholesaling and fix and flipping are the most common, and these both require significant time, effort and money.Passive investing in rental properties still requires significant time, effort and money to acquire properties, as well as good credit and a good debt to income ratio to finance the properties.