If you're willing to be more active, purchase a property or two in an area you personally know well and have key contacts (handypeople, contractor, lender, etc.).

Setting up multiple banks to do business with is key IMO.

Consistency of your evaluation criteria is key for staying out of trouble.

This is why I prefer the cash-for-keys approach.

Key Deal Points:Loan Amount: $88,000Lien Position: 1st position Purchase Price: $120,000Appraised Value: $250,000Interest Rate/Return: 11% annual returnTerm: 5-year balloon (meaning the entire principal and interest must be paid at the end of the term)LTV ratio: 35.2%---Licensed Lending company for contractsRMLO package completed on buyersServicing company for payment

And if you build it the right way, you can always fall back on the long term rental strategy here too.Location is always key here.

Having a solid relationship with your property manager is key, but you also want to make sure you're not being overcharged.

And considering I think a person who puts in plain black and white that integrity and character of the operator are key -- and then does something underhanded and incompetent is just mind-boggling to consider -- so I'm only left with a negative feeling about the documents these darned attorneys dream up! 

I was talking to one of my Turn Key providers I have funded over the years just yesterday..

Managing expectations is key.