CAVA Turnkey in Richmond, VA (Section 8)

[Mark S.]

I'm in early discussions with CAVA Turnkey out of Richmond,VA. They specialize in mostly Section 8 rental properties. Frank Cava (founder/owner) was on a relatively recent Get Rich Education podcast; I think he's also been on other podcasts, like Norada (haven't listened to those yet).

Does anyone have any feedback, positive or negative, in working with CAVA Turnkey?  If so, please share.  

I’m looking to diversify into another market (other than Memphis, TN) for strong buy-and-hold turnkey properties with reputable providers that have their own in-house property management.  Properties meeting/exceeding 1% rule are ideal, although seem to be tougher to find in this environment.  Primarily looking to stay in the Midwest/Southeast but open to other markets if they make sense. 

[Taylor L.]

If I were looking at a turnkey in Richmond I would have someone like Pete DeWorken the Fixer Upper Coach look at the property. He looks at potential flips and rentals for investors as a service and will compare a comprehensive report for you. He does a great job and many private lenders here require borrowers to have him look at properties and provide his opinion before they'll lend on it.

I do know Frank a little bit but not well. He flipped a property up the street from my house last year and it looks great. I'm hoping he does a few more in that part of the neighborhood.