Dean,

You are a turnkey company.  You sell homes to your clients, rehab them and refer property management.  How is that not turnkey?  Just bc you dont have in-house mgnt?

 You are not getting any better deals then the rest of us and as far a rehab goes, that is all a matter of how someone wants to renovate.  The average home needs $10k-$12k if you do a decent job.  

I will give you some credit, to operate your business from a 3rd world country cant be easy.

You mentioned the home on Newling, here is the actual breakdown:  

$58k purchase price

We then got a $78k loan to cover all our purchase, rehab and additional fees so we are initially all in for $78k.

We advertise for $99,900 but accept a $92,000 cash offer.  

There is a total of $5,260 in commissions  for this home.  

We will have about $1,000 in closing cost when we sell.

The home was vacant for about the first 3 months taking into account renovations and property mgmt advertising time,  $2,340 holding cost while vacant

So when its all said and done the company will make close to $5,400   

Not the huge profit that it looks like.  

Some markets are inflated bc of what we do but this area for example has always bee a $100k-$115k neighborhood so our buyer getting it for $92k is a pretty decent deal.  The house next door was sold for $112k.

I can say with confidence that our mgmt company is as good as Chris's mgmt company!!!