Hi Belliny,FSBO properties are typically an AS-IS condition type of deal as I am sure you know.

I would look closely at the terms of the purchase agreement specifically the conditions for the forfeiture of earnest money.

We also time effective dates so that if they choose to move (for month to month tenants) they are doing so in warm weather given that we are in Minnesota

@Eli Epstein, it depends on location, construction, exposure to weather events, etc. 

A seller is not required to know the material condition of a property, only to disclose the conditions that S/he know to be true.

The biggest challenges with Turnkey providers:1) Terrible renovation work - we've taken over many properties that investor bought turnkey and they were shocked to learn the true condition of their property from our TakeOver video.

Condition: "If you had a extra $20,000 to spend on the property, what would you do to the property?"

Like I said units are in really good condition and need absolutely nothing.

The floors are in good condition and so are a lot of cabinets that can just be repainted.

@Luke Carl are there certain conditions where  your vacation home can also make an income without it be considered in “investment” purchase?