Turnkey- I personally don't like the turnkey model, mainly due to the fact that most products sold via turnkey are in C/D areas, thus making you totally dependable in your Property management company 5.

The key to any of this are the partnerships...with your other GPs, brokers, property management, CPAs, and attorneys...this is very much a team sport, and the best way to play is for all sides to win.

He's the king of creative financing.I will tell you that there are some really great hard money products on the market now and many people are able to buy distressed properties for pennies on the dollar, renovate them and then either flip them for profit or get into long term financing using hard money for the acquisition and renovation funding.Usually 10% interest only and 3-4 points are where the costs fall (not to mention draw fees and underwriting/doc prep fees).Stephanie

If the property is far from you, they will prefer you have a local property management company with a track record.Lots of local banks will not be happy about financing a property in a manner that gives you all of your cash back. 6 months seasoning gets you into a loan product where you can get a favorable appraisal.

Just like cross training for sports, I believe Real estate investing requires more than just real estate knowledge.

Win win.After all, "If you want to go quickly go alone, if you want to go far, go together" - African Proverb Love the "literally" comment :)This is definitely a team sport.

My PM company rep does a great job with tour operators, youth sports leagues coming for competitions and markets aggressively to keep their units full.

Conventional can still be a great option if finding the right lender, but we've found different lenders offering quite different products currently. 

There are products that can finance the acquisition and rehab, but you'll probably have to refi after completion.Are you familiar with the BRRR model? 

Investors can buy value add retail but it is not passive in the beginning at all until stabilized depending on the product type.