Thanks A lot has been written on BP about R2R and everything looks solid.I'm a big believer in sticking with 1 market until you build a large enough portfolio and diversification is justified.Like with many investments and not just turnkey, it's important to build a large portfolio.The time and associated risk isn't worth buying 1 or 2 properties if you expect a significant impact on your bottom line monthly cashflow.Most turnkey properties are sold at fair market value or slightly above.Nothing wrong with this as long as property management is solid and does their job with integrity.Buying turnkey you won't have built in equity so no growth can be manufactured and you will have to wait for the market to grow to see an equity gain.Thus, IMO it's important to have mindset where you endeavor to build a large enough portfolio so the monthly cashflow makes sense and the portfolio becomes safer.Much success

Especially labor intensive endeavors like flipping.I think you'll find that using an IRA works best if you a) purchase in cash and have a professional property manager, b) invest in notes or c) loan your funds out to other investors for a higher rate of return than what one could expect from Wall Street.Could you flip houses in an IRA?

Good luck, and may your investment endeavors yield fruitful results!

It is part of the game as with any other potentially high-reward endeavor but it doesn't have to affect your well-being.That said, your vanguard account is a good reminder that there are other avenues to consider outside of RE.I'd recommend continuing to diversify by exploring other RE options.

This post is very well written, and I will be using this as a reference for my future endeavors, thanks! 

However, maybe selling to capture that equity can help you on your bigger multi-family investing endeavors. 

I am trying to decide if this is a worthwhile endeavor.

I want to learn how to get better at it and be more successful in my endeavors.

@Jon L.You are welcome and good luck with your endeavor.

Just to add to Chris's post.Time is the best friend of a good decision and the worst enemy of a bad decision.Keep endeavoring to make good decisions and ask questions on the forum like you did if in doubt.You will have a few bum jackers like myself that will happily share an opinion on the situation.Your job is to syphon through all those opinions and as they should mold your decision making for the better 🙏Appreciate it to both of you!