How much experience must your borrower have?

We use Rent Cafe

I don't have much experience with turnkey.

If not, go back to square one.Since you have experience, you are likely falling into the trap of overthinking based on your lack of confidence with the financial projection part of the deal, but it's not as important as your knowledge.You need to know the true value of the target, the potential ARV, and you already know the rehab costs.

There is no stigma but honestly if I was selling a high end home I would use an agent and let them market it out to their buyers and other offices.

Coming from someone with property management/general contracting experience doing tenant turnovers and flips for years, it has always baffled me the amount of investors that buy these rentals with "a tight budget" in terrible neighborhoods where tenants 8 out of 10 times destroy the place and can never pay for the damages upon moveout..

Hey Isaac - did you end up finding a contractor / plumber to complete this work?

For analyzing deals, I recommend using tools like DealCheck, BiggerPockets Calculator, or Property Evaluator—they’re user-friendly and great for multifamily underwriting.

There are a few things to consider:You Need an End Buyer: The lender wants to be sure there’s a way to get their money back.

If you could get a house that was suited to multi people living there, the student could be an interesting option to offer more affordable rents but perhaps end up more profitable over all?