I went on a scouting mission about a month ago, and I think I have a rough idea of the areas that I didn't like, and several that I did.  

I have scouted great properties, but have no $$.

I visited the property, and I visited the TK provider in-person - both at their offices in Chicago, AND in SoCal when the owner happened to be here for a scouting trip for some other investments he was working on.I had the property inspected, and demanded repairs via a punch list before closing.

I'm doing my due dilligence while I roughly scout for properties on zillow/trulia for practice analysis and learning about the specific market demographics.

Both uses are correct, and I would argue that the best way to tell the difference would be that the investment style (noun) should perhaps be capitalized - but that would required everyone on BP to adhere to the same grammatical rules, and that's just not how forums work ;)What you're talking about would be a more DIY approach, wherein you buy a (lower-case) turnkey property and then find your own PM, not an (upper-case) Turnkey investment where one company does everything from scouting to rehab to management, all under one roof.Hope that helps!

I even flew up North to scout several potential prospects in Northern CA.

Trulia has a heat map, neighborhood Scout has some cool tools.

I've scouted out a few properties just to watch the process.  

I found an ad on the local Craigslist for "Property Scouts" and they will train you for free. 

You might consider both (asking for references, and scouting the early bird material buyers in different sections of store) so that you have contacts for quick-and-dirty jobs, as well as larger projects.