Good point about the iBuyers - I hadn't considered that.I think it's important to underscore the mentioned point that contractor's are taking advantage of this market (no offense OP).

This increase in dollar volume underscores the robust demand and high value of Miami real estate.List Price Success: Sellers received 97% of their original list prices on average, maintaining a steady rate from last year.Speed of Sales: Homes moved faster, with a median time to contract of just 28 days (a 6.7% reduction) and a median time to sales of 70 days (a 1.4% decrease).Inventory Levels: Active inventory rose by 27.3% to 3,864 homes, and the months’ supply of inventory increased by 33.3% to 4.4 months.

@Codi Clausen you've gotten the right answer here from @Jason DiClemente and @Lance Robinson - if you are buying a turnkey product, it should be tenant-ready, with everything new or nearly so.However, I want to underscore something Lance pointed out - the difference between a Turnkey property and a 'turnkey' property.

http://finance.yahoo.com/news/General-Growth-files-for-rb-14945510.htmlNEW YORK (Reuters) - General Growth Properties Inc, the second-largest U.S. mall owner, declared bankruptcy on Thursday in the biggest real estate failure in U.S. history.Ending months of speculation, General Growth, along with 158 of its 200-plus U.S. malls, filed Chapter 11 while it tries to refinance its debts.But the ongoing global financial crisis made it impossible for General Growth to restructure outside of bankruptcy and could signal further troubles for other financial institutions who are General Growth creditors.The collapse underscores the pressure on U.S. commercial real estate with few sources of available funding.Chicago-based General Growth, which owns such valuable properties as South Street Seaport in New York, Fashion Show in Las Vegas and Faneuil Hall Marketplace in Boston, listed total assets of $29.56 billion and total debts of $27.29 billion.The collapse marks a sad chapter for a company that has been growing since 1954, when brothers Martin and Matthew Bucksbaum decided to expand their family's grocery business and build a shopping center in Cedar Rapids, Iowa.The company expanded steadily through both building and buying malls, the largest acquisition being the 2004 purchase of high-end mall owner Rouse Cos for $14.2 billion.

This pandemic underscores the need to fix these structural inequities.

However, this list underscores the importance of having the help and guidance of a professional who understands the residential real estate sales process.REALTORS® are members of the National Association of REALTORS® and pledge to uphold the stringent, enforceable tenets of the REALTOR® Code of Ethics in their professional dealings with the public.SELLER(S)’ REPRESENTATIONPRE-LISTING ACTIVITIES1.

This transaction highlighted our ability to generate profit efficiently and underscored our commitment to delivering successful outcomes for our partners, including R Lessons learned?

The underscore to the bottom line is that "good deals" are not found in the asking price, but in the NOI.Hope that helps!

Second, it underscores the broader theme of many BP posts which is go invest in C or D towns because A and B are way out of your budget.

Despite these challenges, the deal was still profitable and underscored the need for adaptability in real estate investments.