Turn-Key is nice because you can "hit the ground running" in real estate without lengthy delays and rehabs and hand-on work; however, it is not a truly passive model if that's what you're looking for.

Are there any creative options aside from a lengthy quiet title action?

Get your plans laid out for any work that needs to be done....contractors, materials, finances...so that the turn can be as quick as possible....The only reason to stall on any of these steps is if you feel that time of the year is really going to screw you over and create a lengthy vacancy.....much longer than the turn over/repairs/maintenance time......Time to rip the band aid off .......

@Jeffery Scullark, soooo that is somewhat of a lengthy answer.

If you do not have a lengthy track record most bank lenders will REQUIRE at least 50% of the expected project pre-leased for funding.

@jeridThanks for the lengthy replty!

I know this is a lengthy post and I apologize.

The fourplex next door went through a lengthy foreclosure process (before ultimately being renovated by a different investor) and became a home for squatters, suspected drug use, and many other challenges.

@Jingwen Dunford majority of crowd funding sites want the sponsor to be experienced with a lengthy track record.

Changing the occupancy is a major pain and a lengthy process that will add some hefty filing fees.good luck, I hope it goes well!