I know the BRRR book has and entire section devoted to the rehab.

The question is: can you currently devote a lot of hours to something else?

Properties in C and D neighborhoods are extremely difficult to manage, and most PMs will not devote the significant effort required to manage a property in a C or D area, because it's not worth the tiny return they get on the property (assuming it's just a single fam or small multifam property...the dynamic is different for large multifam). 

We are open to devoting a decent amount of money on a lawyer to draft some terms and agreements.- We are open to each of us renting the other half of the duplex out at any time, or selling (via a TIC?)

We feel that a good option is to invest in some turnkey property initially while we are still full time, then after getting out of the military, we can devote more time to being active real estate investors.

:Person 1: Little experience, limited time, but will be investing 80-90% of the funds for acquisition & rehab of the propertiesPerson 2: Has 20-25 years of real estate knowledge & experience, will be investing 10-20% of any needed capital, can find & analyze the deals, devote the time/energy/legwork, manage any renovation projects, has a database of buyers/sellers, holds a RE licenseThank you in advance! 

Suppose you have 50 hours to devote to solving this.

@Karl Krentzel you have devoted way to much time to this convo lol and have blown up my keyword alerts haha 

If you have a demanding job that requires much attention and time, you might be saving money in the long run by being able to devote more time to your primary vocation and treating the rental as mailbox money.

Hey I'm also new to investing I'm originally from Tampa florida traveling with my family in our Rv aiming to devote our time traveling and investing in our freedom!