As they say, pigs get fat....I am posting this mostly for those who are thinking about getting into notes.

Reality is, as David mentioned, 95% of what you will do is transfer nursing home patients, pick people up off the floor because they are either too old or too fat or both to pick themselves up, and lastly be the designated adult in situations involving the 20% of the population that no one else ever wants to deal with.

Fat hogs get slaughtered so spreading the risk is what I'm looking to do. 

I get a cheap house and they get a fat check.

Those who choose the first path are smeared with the stench of those who choose the second.I think the difficulty is that a vast majority of people should and do sell their property through a realtor or at least go the FSBO route, and there are a lot of "wholesalers" who listen to the less-than-ethical gurus who tell them the can make fat stacks of cash just injecting themselves in the middle of the sale. 

That is why I like to sell commercial for the fat commission but like hold residential for my passive income portfolio.  

Use the money for some additional projects and keep building that equity pool until you've got a fat 1M commercial line of credit to play with :) Unless you absolutely plan on spending every dollar of that REFI money on primo rentals that you really want- not just stuff you're buying to put the money to use.

So instead of a fat upfront payment, I'd want my TK provider to take the same risks I am, that is, his work gets him a piece of the equity, not an upfront fee.

@Gene Livingston, @Hattie Dizmond I understand a lot of people use leverage (debt) whatever your choice word is, and it's become the culture.

But, as we all know, the real gold mine truly is for all you fat cat Turnkey Providers!