@Luther Wilson III, I understand the hesitation when deciding whether or not to go the turnkey route, but I think there are a lot of factors that an investor needs to weigh during the decision making process.

Careful disclosing information at the wrong time in the sales process, though.

Hello everyone I am in the process of searching to purchase my second property and wanted to know if it is too soon to get an LLC?

Thanks to youtube videos that glorify the burn em' and churn em' mentality you are getting people who will rush through the process, hike up their fee, and look to settle for the rest of the year since they made their salary. 

Process looks good with the lender, however they are asking us this:o Did you make substantial improvements to the property and if so what were the improvements and do you have a builder contract or invoices to document cost?

@Chuck KautzHey Chuck,I like your idea of getting your daughter involved.As a father of 2 kids that went to college I think this is a great time to expose your child to what the whole process involves from purchase to rehab to managing this property.Your child will get so much real world experience out of the process I hate to say but this exercise my have more of an impact on her life then the BA has!

The process was straightforward.

Hopefully your bank lets you pull 70% to 80% LTV so you can most of your capital out of the project in order to repeat the process.  

We are currently in the process of reaching out to real estate agents in the area based on research, recommendations, etc.

So before I go through process of inspection ect here are some images.