It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

Originally posted by @Clayton Silva:@Supada L.

Great stuff Clayton!!!!

Originally posted by @Mark Cruse:@Steve Morris not sure where he is based but he has offices all over the nation.

@Steve Morris - I am mildly optimistic about the near-term future of rental property investing.

@Kenneth GarrettWarren Buffett definitely has exposure to lower income housing but it is through Clayton Homes, the largest builder of manufactured housing out there.

It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.

@Steve Morris I'm in the inspection phase of buying this duplex. 

@Steve Morris I'd love to get those stats as well please.

After one month the rental rate should be dropped, after the second month in the summer, something must be wrong.Reach out to me if you want me to give you more detailed info on what you should do.Swanny I know your a veteran and well seasoned.. but I wanted to share this …  when I rolled into INdy to fund a turn key operator there I always check with PM I want to  make sure the PM is solid so that the buyers of the end product don't get a Morris invest experience.the day I happened to be there was leasing day.. and I thought this was Genius.. there were about 7 or 8 folks there.. they were going over the vacants.. this PM runs 1000 plus units so of course every week there are a significant amount of vacant props.these were all independent agents working on a fee base.. so then I drive by a few of the vacant homes to check on turn over quality and rehab quality .. there are 5 or 6 for lease signs in the yard.. each of those agents run out and put signs in the yard craigslist ( well maybe craigslist was not invented then this was 04... but any way..