Its not common knowledge but Inglewood has its own rent control ordinance with a lower barrier that substantial remodel.

Its much easier due to the lower down payment and better rates.

Most turnkey operations also have excellent in-house management as well as real, true and established boots on the ground teams in place to help the buyer protect they’re investment and thereby lowering the investors risk.

A person can lower there cost of ownership, help protect and defend the asset, help with maintaining it AND your not just some PM, you've got skin in it, you suffer if they suffer, you win when and only if they win, your interests are aligned. 

Take that and when rates are lower refi into a stable 30yr.

I do notice that the annualized return generated by BP is usually quite a bit lower given the same inputs.  

@Jay HinrichsAfter the closing keynote they announced the location of BP2025 and Jay will be happy to hear it is in Las Vegas (he has advocated for Las Vegas at least a few times).I will say I enjoyed the lower attendance of this year compared to Orlando.  

This just shows you what lower class properties can bring to the table.

A lower d class area.

That's sort of the catch, the larger the building and the more amenities it has, the more rules you will run into. 2-3 story walk-ups in nice neighborhoods could be a good place to start, lower HOA fees too.