This is for the purpose of having a strong foundation that will minimize risk from any “Black Swan” event and will also increase your long term cashflow.When investing in real estate or business in general, one should always look to protecting the downside first before looking at the upside.Just my opinion 🤷‍♂️Regarding your $50,000 budget for turnkey.It will mostly be C or D class which I would advise against.High crime, lot of volatility, unemployed tenants and property management collects rents with a bullet proof vest and shot gun.On paper things look great, in real life they are much different.On the other hand, if you DIY in a markets like Ohio, Michigan and Indiana.You can definitely be into a B class asset for $50,000 purchase and rehab.Wishing you much success

If you can build it 3-stories without elevators and minimal fire sprinklers you will minimize costs.

I’ve already got my hard credit pulled on one preapproval and figured I should get my others in now to minimally affect my credit score. 

Personally, I think the partnership should minimize the loss and be transparent with their investors.

.- An agent who will work with you right out of the gate with minimal screening questions.

I would first look at my personal lifestyle and see what I and the Misses could agree to on a 5yr plan for getting our personal spending as minimized, and budget regimented as possible, to create maximum net capital from our active working. 

If you can wait out short term minimal cash flow and hold, you'll be very happy.

My utilities are minimal since I don't spend much time at the house since I travel most of the time for work, so I don't count them. 

But more frequently those who appear to scale portfolios quickly are either lying as Chris correctly stated or are highly leveraged and/or are fee developers who own minimal ownership interest and are backed by LP equity.You also shared your objective of holding your assets for a long period time.

I would do my best to minimize the time the shower will be down, press the repair crew to do it in one day.