First Turnkey Rental Inspection Report

[Mike Montanye]

We just got our inspection report back on our first turnkey rental. Here are the big ticket items on the report:

Collapsed Main Sewer Line

Damaged Sub Floor in a Bathroom

Sistered Joists not secured

Electrical system raised enough flags that a Professional's Evaluation was recommended

Roof Damage to the point where a Professional's Evaluation was recommended

Structural Damage to the point where a Professionals's Evaluation was recommended

Flashing Not Installed On Roof

Along with about 36 other, more minor fixes.

Just wondering if this is a typical report for a "turnkey" property. I fully understand that houses age and it's difficult to cover every single issue, but also didn't want to be taken advantage of because this is our first.

[Bob Okenwa]

@Mike Montanye

There should not be "big ticket" items on a turnkey home. Not sure how quick you are, but I'd run away as fast as I can from whatever you're thinking about buying.

I've seen 100 year old homes not have that kind of damage all in one report so for what you're looking at to be considered "turnkey" is an insult to the very definition of the word.

I've recently replaced a sewer line, I've done a roof, done electrical repairs, but not all on one property. And again, I'm talking about homes older than the both of us combined. 

Find something better and let this go. There's always another deal around the corner.