Another possibility is to find a deal and use hard money to take it down but you still need some capital, ie skin in the game.

Congratulations on moving ahead in  your journey on your investment path and , your incolvment in the BP community.soo many ways to skin a cat and get you into more properties with upside potentialyou current situation and means would dictate more specific ideas and strategies .  

Our property management group is owned almost entirely by our turnkey division, with the remaining portion owned by the general manager of the property management company to ensure he has some skin in the game. 

However I would not consider them to be truly passive because they do not put any skin into the game like a good passive investment does (via a sizable coinvestment).

HMLs can definitely lend up to 70% ARV for which in this case you already seem to be at, but most want atleast some skin in the game even if you hit that mark. 

Many ways to skin a cat, but some brokerages dont enable all of these avenues - thus important where you see yourself sourcing from. 

@Kyle Swengel you could invest in a syndication opportunity to learn the business and also build a reputation for having skin in the game when talking to your prospective investors.

Add a deposit for her, as liability for you have changed.I would not raise the rent, but she needs some skin in the game if she is to be on the lease.

Agents or managers who are not going to manage the home have no skin in the game.The key part of your posting to me is this:  "If and when a tenant is not an ideal renter then the investor probably wish they had the property manager in place still to pass the drama on to someone else."

Since I don't have any skin in the game, is it too much for me to ask for a 50/50, or even 60/40 (60% me, 40% them) profit split?