Especially in today's market.5-10 years ago, prices were so low that Turnkey companies could make a decent profit AND provide owners with a decent rate of return.Now, prices are up, it's MUCH harder for Turnkey companies to find deals and so their margins are getting squeezed - leading to more and more questionable Turnkeys and corners being cut.You should verify:1) The Class of the Neighborhood2) The Class of the Property3) The Class of the Tenant pool4) What was specifically rehabbed5) How good is the quality of the work6) What was NOT rehabbed7) How well was the tenant screened8) How well has the tenant actually been performingIt's often in the best interest of the Turneky company to be vague or even hide all of the above - to get the highest sales price possible:(So, have everything above verified by an independent 3rd party, NOT someone recommended by the Turnkey company or anyone connected to them (agents, etc.).It's often better for YOU to find a rehab, have it rehabbed and then place your own tenant - or YOU to screen & hire those you outsource to.BTW this is all regarding LTRs.MTR's & STR's Turnkeys are even MORE suspect!!!

I will not be receiving any type of documents from who I loaned the money to, as that person is pretty much in hiding and dodging many creditors at the moment. 

That’s where the real money hides—in the follow-up.Instead of throwing cash at “more leads,” focus on the ones you already have.

Deferred maintenance adds up, but homes that were well cared for before vacancy usually hide fewer surprises than rentals or distressed flips most risks are known, inspectable, and budgetable.

For now, try to isolate infested items in plastic bags, wash and dry clothings and other fabrics on hottest settings possible, vacuum carefully, and reduce clutter where bed bugs could hide.

Tenants love having the option to issue one-time passcodes to their own guests, house sitters, etc (without hiding keys or giving keys out)The doorbell cameras are also a favorite with tenants and allow property managers a way to monitor vacant properties in between tenancies.  

The worst backyards I’ve ever seen have been fenced in to hide the disaster.  

Medians often hide deal-level opportunities, especially for small multifamily and house hacks.

Applicants often hide things that would disqualify them, so it’s crucial to understand how thoroughly a company screens tenants.

It's like the brokers who market the "12 caps" that are calculated as income less taxes (insurance is optional).Solid points—BRRRR "success" often hides deferred maintenance, appraisal gaps, unsustainable cash flow, and self-labor inflating returns.