There are a lot of great options out there; aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some services also offer your tenants additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time). 

You have a clear idea of the repairs needed and also that it was fixed right (because you did the repairs).Hopefully, it forces you to do your due diligence on the neighborhood and the potential of appreciation and/or cash flow instead of analyzing the deal based off of someone else's interpretation.Turnkey can work as well if you buy from the right company or person who has experience in the successful turn around of value add and cash flow creation.

@Bon Osonwanne Looks like Bon is talking about and asking about the creation of a software platform he is creating.  

My income was simply not a wealth-creation powerhouse and I had extra time on my hands.I think it's entirely a different decision to have a much larger income while working 80 or so hours a week, and yet try to buy these places to park your savings. 

Light rehab and home staging design plus creation of AirBnBWhat was the outcome?

I'm also looking to avoid areas where there tends to be higher vacancy and turnover in tenants b/c that will impact actual yields, on paper those metrics might look great, but what matters to me are the actual yields.For example, it looks like in DMV area the best price/rent ratios I can get w/o going into high vacancy and turnover areas are $350,000/$26,400 = 13.25, but in areas in the midwest (Nashville, Memphis, cities in Ohio, Indiana, Wisconsin and certain parts of TX ) I would be able to pick up some deals looking like $250,000/$26,400 = 9.46.2) Manage or lower risk given #1 - a higher yield will naturally mean higher risk, what I'm saying is that I'd like to mitigate/manage that elevated risk that I would have to take on by weighting more of the wealth creation towards cash flow vs price appreciation.

I apologize if this has been asked before, but I am still learning to navigate through all the content here, hence, finding information related to this has not been straightforward.I see the tremendous wealth creation potential real estate provides all individuals.

Cashflow and wealth creation, upside potential How did you find this deal and how did you negotiate it?

A lot of great options out there for self-managing if you decide to go that route; aside from providing the basics (listing, tenant screening, digital lease creation, rent collection, and maintenance tracking) some services also offer your tenants additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus).

There are a lot of great options out there; aside from providing the basics (ie. listing tool to get the property published to 10+ major sites, scheduling tool to schedule viewings, tenant screening with comprehensive applications which include nationwide criminal background checks + credit checks + eviction history, digital lease creation tool, rent collection tool, and maintenance tracking tool), some services also offer your tenants additional capabilities which makes it an easier sell on your end when getting them to transition over (ie. their ability to report on-time rent payments to the credit bureaus; this can create an added incentive for making sure they pay that rent on time).