So it's not like Turnkey is pain-free, you have to do the work and know how to avoid being taken for a ride, like pretty much any big financial decision in life.I am always happy to provide info to new investors, as it fuels my BP addiction anyway ;) But before you or your friend make any decisions, it's crucial to have a serious heart to heart about what the goals are for the investment and what your needs are with regard to time commitment, risk, and control (do you need to be near the property, do you need to be in charge of tenants?).

Typically, a buyer can't/won't/shouldn't take control of a property until they close on it, because they do not own the property until they close.If you rent out some other person's property (or estate's, in this case), I hope you plan to get some sort of written agreement from the current owner/estate.

Also, I am able to remotely control the temperature so not unnecessarily heating or cooling the house when nobody will be staying in it.  

The trailer tenants are really not paying much, so to us it's not really a benefit to have them as we'd like to take control of all the land sooner rather than later. 

@Shane Gaboury I would personally stay away from any condo investment because the economies of scale (only 1 - 3 doors), the special assessments that you have no control over and this is a speculation play.

Unfortunately, you don’t have a lot of control over how well the HOA finances are managed and can get blindsided.

No rent control, etc.Thanks in advance for the help.Casey

But I don't like that for 2 reasons. 1) I like FULL control of who gets into my place.

Many investors like this for the added control over their IRA and for diversification.  

Also remember one cannot control mother nature, and so things like hurricanes or flooding happen sometimes.Hope this helps.