Huge losses with Freedom real estate group (Dayton)

[Sachin Amin]

Wanted to check other investors on how their journey went with freedom real-estate group. we had purchased a unit for 99k with $1000 rent - which looked very promising at that time. But since procuring this unit, it never performed in reality. we had civil fines, followed by an eviction and a $10,000 rehab(because the tenant has caused some serious damages) and continue to burn with expense of some or the other way...($500 / month -expense related to  swage line , appliance one or the other every month eating up the rent)

wanted to see if any other investors having similar issues with Freedom group. 

[Jonathan Greene]

This is the major problem with turnkey for inexperienced investors. You think you are buying plug and play, but that's not how it works. If the turnkey provider owns all the companies that "take care of you", you are in a blind monopoly of services and have no oversight and leveraged trust. There's nothing wrong with turnkey per se and it seems that this was definitely a one-off, but why buy turnkey at 99k with $1,000 rent? The whole point of buying turnkey is that it's already turnt up and just scratching the 1% rule isn't that. Who chose the tenant? Even if they did the work, did you make the final decision? It seems like you were thinking like a lot of turnkey investors, that it would be passive. Nope. This is common in turnkey because the owners think it's sign and ride.