It looks to be a blend of owner finance deals and wholesaling with a huge sprinkle of good luck.

To answer the question directly, it’s a blend of both.

Instead, create a win/win structure of writing where your offers dominate a category of their own, and thus the jockeying occurs with the sellers who want to court your offer as word will get out with the realtors that your terms and speed are unparalleled. 

The objective is to blend into the rest of the neighborhood and not stand out like it does now. 

This results in reduced risk and blended performance across all the properties in the fund, and can also create the opportunity for compounding returns by reinvesting cash flow distributions back into the fund.With all that said, passive investors are exposed to both deal risk and sponsor risk.

For me personally, another Turnkey purchase would be a blend of great cashflow and a property that I am comfortable with (location, layout, etc).   

Including the owner/property mgr's estimate of condition and blend that with our own assumptions.

Or, the blended rate of a completely new cash out and paying it off the HELOCs may work.

.- Rates readjust annually after 10 years - stays I/O- Half a point to close- Under 67% LTVReducing my blended rate from ~5% to 3.625% and eliminated principle payments is going to save me ~$13k per month.

@Michael BiggsI bought a batch of 5 gallons and then 2 gallons.. my contractor saved a gallon from first purchase and mixed it with a last 2 and it blended ok..