Not to discourage you, because you are on the right track, but you need to have realistic expectations and avoid getting disappointed quickly.

I love my team in Milwaukee but am disappointed with my team in Racine. 

That would at least be SOMETHING, and so it might be better than leaving 1.25 million of equity just sitting on the table untapped, but it feels kind of disappointing because it ties up a huge chunk of equity and fails to fulfill either of my two main goals: generating monthly income, and serving as a significant vehicle for further expansion in the near term.Several apparent ideas I'm actually NOT interested in trying are: investing out of state, partnering with other investors, and expanding into parts of NYC that can still be called "bargain" areas (in the later phases of a multi-year superbubble like ours, such places tend to be mind-blowingly distressed and they are simply beyond my comfort zone).

@John Elias , nobody has mentioned this, so I'm going to beg you to do your research on the turnkey provider themselves.There are GREAT providers out there, and there are providers who will promise you the moon and deliver disappointment and financial distress.When you find a provider you **think** you want to go with, google their name, company name, look them up on BiggerPockets, etc.

He says that he learned quite a bit through the flips, but I know it was disappointing.

Truly disappointed in the decision by the Long Beach city council.

If you expect to hit a homerun every at-bat, but have never played baseball before, you're setting yourself up for disappointment. 

The first one I had were horrible communicators and I was very disappointed in their service but I’m very happy with the management team I have now.

However, lately I’ve been extremely disappointed with my agent of 6+ years.

I think you are going to set yourself up for disappointment with allowing them to set a high minimum like that per machine.