Tenant stipulates, represents, and warrants thatTenant has visually examined the Premises, and that it is, at the time of this Lease,in good order, repair, and in a safe, clean, and habitable condition.

The Hypersupply phase can last anything from 2-4 years before a recession hits.With the onset of this disrupter - the response to the Corona virus -the Fed has pre-empted the actions normally taken during the Recession to try to stimulate the economy but the drivers for this recession are not economically based and so this again skews the normal cycles.The best lens to to try to assess risk is to stay focused on the dynamics of the normal market - prices for multi-family properties are driven by the demand from investors - the competition for the properties is driven by both the desire for the business ( availability of investors) and the cashflow the property can produce in the future - the cashflow is determined by the space market - ie the market for rental space- the rental space market is driven by the employment market largely.

If it's a nice enough property to SNAP the rubber band entirely (or if it's in San Jose, etc), then this entire dynamic goes away.

The pros: Rent Premium: You can get more in rent than renting the whole house by itselfThe cons:Property Use: You should expect increased wear and tear on the propertyWith you living in the house, the dynamic might be different, so prepare for that. 

BC after cleaning comes paint and flooring and major visual progress.

The remainder of places are surveyed annually.Using data from the BPS, investors can get an idea of the supply and demand dynamics within their market.

Don’t forget other things that aren’t as visual.

I would avoid turnkey companies who cant give direct answers, won't allow you to visually inspect properties personally, won't allow for a 3rd party inspector to come in, and those who are slow to respond.

While you might not want them to handle the full set of final plans, it's particularly great if you want a few initial concept ideas and visualizations, which would otherwise be cost prohibitive on most smaller projects. 

Or am I enlightening a new dynamic in wholesaling??