Of course anyone that would "buy" a property for 5K and then "fix it up" needs to have their head examined.well that was what Clayton MOrris did he bought houses for 2 to 10k said he would rehab them but did not then said doctors and nurses would move in to live there.. 500 to 700 people bought into that story line.  

So that was my point to this hedge fund manager how are you going to do it when all those that came before you could not  what do you see that others dont.And to me it was the Clayton Morris pitch  IE we rehab better than anyone else and we only put in doctors nurses police and firemen.. :) when in fact in those areas 90% of the signatures on the leases are unmarried females..

@Steve Morris, you're getting a lot of hate right now, maybe deserved, but also maybe not.

Clayton Morris investments had thousands of buyers buying “turn key”.....that didn’t end so well. 

@Solomon Morris thanks for your input.

Here is what the SEC chairman Jay Clayton stated recently in Senate testimony:"I expect the Commission to consider staff recommendations to amend the accredited investor definition in the near future, including whether the definition should include non-wealth-based ways for individuals to qualify, and more broadly, whether the limitations on who can invest in certain exempt offerings provide an appropriate level of investor protection or pose an undue obstacle to capital formation or investor access to investment opportunities."

I plugged the name of the company (Morris Invest) into the search bar (do it if you don't know the story), and my desire to invest out of state evaporated with each review.

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.

@Ola Dantis @Chase Kimbrell @Jesse Kindra @Zion Durham @Rajesh Kumar @Shaquitta @Clayton @Michael P.

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.