Also, there are numerous challenges dealing 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.

Remember, there are numerous deals available, and although I'm not deeply familiar with the Columbus market, I believe you can find a more favorable opportunity with a positive net return.If your primary objective is passive income, as indicated by this scenario, investing in the S&P may indeed offer a more passive approach.

This type of real estate comes with high risk and high reward.

Figure a few grand to paint rooms, replace carpet in a room, deep clean and spruce the property, replace a fixture or two, etc.If you have to replace your resident annually the $9600 total income will get a gut punch.The true value of the higher-end neighborhoods is residents know if they move out of the home they have it's a challenge to find another, especially if they have been there a few years and have a competitively rewarding rent rate.All this really is is basic economics...sell ten custom widgets for $1000 or 100 standard widgets for $100 each.

Risk Reward-  as I stated earlier the S&P 500 P/E ratio is almost twice as high as real estate at a 7 cap.  

It's a thrilling and rewarding world, but it can also be overwhelming for newcomers.

The reward must be greater than the risk.

But generally, if the payment is always made on time, there isn't often a problem.Are there numerous reasons payments end up being late, there are.And have irate sellers been known to contact their lender after a few months and demand they be taken off the loan?

Probably not doing a ton extra to sell that house but realtors were certainly reaping the rewards. 98% of the agents I had were nothing more than transaction facilitators - I used an agent for one deal - my first, that's it.

You can always experiment with what you may be comfortable with to see what works best.Like @Shawn Parsh said, if you have other people looking for the type of property you want to invest in, reward them for their effort.