I was just talking to one of our property manager partners in Michigan about this and they take over properties for out-of-state investors that have gotten burned by someone selling a "turnkey" opportunity and our property manager partner was going in to stabilize another property for an investor.The issue with "turnkey" opportunities is you have not had input on rehab decisions and quality, tenant quality, or lease quality--leaving a lot of risk on the table.It is just as easy to work with an investor friendly Realtor in the market you are interested in that can refer you to all the members of the team you will need and there are several markets in Michigan in that price range.To Your Success!

Every investor knows — the faster you close and renovate, the higher your ROI. 

What’s your biggest challenge when timing your flips?

I am hoping to get recommendations for how to proceed from where I am now and to speed up the process. 

The seller had it listed weird and it wasn’t showing up on my usual search filters, so the alert saved me a bit of digging.It’s not magic and it won’t hand you deals, but if you already run the numbers on everything you see, the tools speed that up a lot.

Here are a few brainstorming ideas:Outdoor LivingMust have potential for high-impact features like fire pits, hot tubs, dining areas, or outdoor games to significantly boost appeal.Views & ProximityProperties with desirable views or close proximity to water, nature, or main attractions offer an enhanced guest experience.Premium Interior FeaturesPotential for dedicated game rooms, high-speed Wi-Fi, or comfortable dedicated workspaces to cater to diverse guest needs.Easy ParkingAdequate and convenient parking for the expected guest group size is critical for convenience and securing 5-star reviews.Garage to Game Room ConversionIf driveway parking is plentiful, converting a garage into a functional game room or extra living space offers amazing added value.Noise & Light AbatementEnsuring quiet enjoyment of the property through noise reduction measures enhances guest comfort and prevents issues with neighbors.

Yes, some investors layer private money with hard money or short-term loans to speed up closings, but it’s important to run the numbers carefully to ensure the combined interest and fees don’t eat your profits.

(Follow your local grace periods - consistency matters more than speed.)Example: Save late-fee and notice templates in Google Docs.

I current own and manage a couple rentals from out of the area. The biggest issue I am having right now is that I need to get keys to maintenance guys or grant access to units. I have been looking at a variety of lock...

Seller financing gives you flexibility and speed, but usually at the cost of a bigger upfront check.The real question is whether the deal still works for you:16% CoC day one (potentially 21% in a year) is strong.6.75% is a reasonable seller-financed rate.Just make sure you’re confident you can refi or exit in 36 months.

These are most time consuming, more capital intensive, and demanding to catch up to speed quickly to get to profitability.