I started with turnkey to get into REI, but now with a little more experience under my belt, I'm considering selling my turnkeys at a loss and moving on to something with more meat on the bones.Exterior - $225- pressure wash- remove damaged/torn window screens- remove all stickers from all windows- repair hole in soffit to the right of chimneyMain Interior - $825- repair/replace damaged sheetrock- wipe down and clean all walls throughout house- wipe down and clean all doors, trim and baseboards and throughout house- touch up paint on walls- touch up paint on trim and doors- replace missing/broken blinds- replace missing/broken doorknobs- replace missing/broken light switch and outlet covers- replace missing/broken light bulbs- make sure all doors open/shut properly- make sure all windows open/close properly- replace air filter- replace batteries in the smoke detectors- remove all trash from attic- clean and paint all bars and shelves in closets- clean all AC vents and return vents- make sure all drawers and cabinets open and close properly- make sure to clean out all drawers and cabinetsLiving Room - $10- clean and paint fireplace with black high heat paintKitchen - $55- wipe down and clean all cabinets, inside and out- touch up paint on cabinets- paint under sink- tighten loose cabinet hardware- caulk sink, floor, counter- replace broken trim on ends of countertopsLaundry Room - $10- clean and paint inside washer box- clean out dryer ventHalf Bathroom - $25- wipe down and clean all cabinets, inside and out- touch up paint on cabinets- paint under sink- tighten loose cabinet hardware- caulk toilet, sink, tub, floor- tighten door handleMaster Bathroom - $75- paint cabinets inside and out- tighten loose cabinet hardware- caulk toilet, sink, tub, floor- fill in missing grout in showerHall Bathroom - $35- wipe down and clean all cabinets, inside and out- touch up paint on cabinets- paint under sink- tighten loose cabinet hardware- caulk toilet, sink, tub, floorStairs - $20- paint handrail- paint banasterGarage - $25- pressure wash garage floorLocks - $300Yard - $175- cut, edge, weedeat- trim bushes- trim up trees- clean up fencelines- haul off all trash- Remove grass from cracks in concrete- remove all loose limbs and debris- clean out flower bedsFlooring - $275- clean all carpetsCarpet Cleaning Estimate: $275Garage - $100Program two new garage door remotesPest Control - $85- pest control needed: General pest sprayTrash - $350- remove trash at the curbCleaning - $120

Most of my properties don’t turn over every year so this is maybe a tad conservative but accounts for black swan events like an eviction or longer than usual vacancy.

Maybe go visit them and see what they have to offer interior and exterior, as well as age of the units, as well as grounds keeping, as well as parking lot condition (Alligator with potholes, slurried, fresh black top with new paint lines).

Rent goes up, appreciation works in your favor, and you're living somewhere with a long term black friday discount. 

I'd love everyone's advice. pretty black and white on if you have the legal right to evict them turn the unit and move on. 

That seems like a great way to dip the toes at first without placing all on black.

I guess the answer to your question is to ensure you have a solid contingency in the numbers and additional time on the timeline so even if the worst case comes to pass, you are still in the black.   

We’re one of the few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must = 3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenants possible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of another applicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then taking several days to submit.

The Anecdote: In 1929, during the height of the bull market, Kennedy was getting his shoes shined when the young boy shining his shoes began offering him stock tips and discussing the market with confidence.The Realization: Kennedy reasoned that if a shoeshine boy had an opinion on stocks, the market had become dangerously popular and saturated with inexperienced investors.The Action: He supposedly decided to sell off his significant stock holdings shortly before the Black Tuesday crash in October 1929, thus preserving his family's fortune and profiting from the subsequent decline.

Quote from @Marie Black: Quote from @Travis Hibbard: I've recently decided to invest in Norada notes through my SDIRA.