This would require tenancy in common which lenders typically won’t allowTransferring ownership from personal names to LLC is straight forward with a deed transfer and re-assigning the tenant leases.

that is typically 5-10 years+ of ownership.2. turnkey isn't entirely passive. you have to manage your property manager. they are responsible for doing whatever their management agreement says they're responsible for, and you are responsible for doing what it says you're responsible for. 

@Lily Jensen, I've come across a few banks that will do HELOC's for investment properties that I can share with you here locally in Florida.

You share the lease, you share his payment history, and you give a total of what is owed.

Your support fuels my passion for sharing knowledge and experiences that help others on their real estate journey.

I currently live in Toledo, where I’m working on a live-in flip with my duplex.Here’s what I bring to the table:Hands-on experience with construction and property maintenance.Knowledge and skills for value-add projects, especially on smaller properties.A passion for learning and growing my portfolio using strategies like buy-and-hold and BRRRR.I’m looking to connect with:Local investors in the Toledo area who can share insights or collaborate.Contractors, property managers, and other real estate professionals.Anyone interested in sharing ideas, advice, or potential partnerships.If you’re in or near Toledo and would like to connect, feel free to reach out!

If you're trying to make money without ownership you might want to consider traditional wholesaling by finding discounted properties off-market and then selling to investors.

At the sametime when Amazon was $10 a share,  he said he did not understand how it was worth even $10.

I agree that most of what I have read implies 1099s need to be issued, but there are a few articles, like the one I shared in my initial post that make me wonder...

I know they've been around for quite a while, and I'm wondering if anyone would be willing to share their experiences they have had dealing with them, either as an investor or a borrower.