@Sean Kirk As someone who owns a Property Management company in Birmingham and has experience working with both Turnkey providers and Value Add investors, I’d recommend steering clear of Turnkey properties.While Turnkey properties offer a lower barrier to entry, they also come with much lower rewards.

And don’t forget that your legal bills, process server fees, etc are higher.But even after the expenses and the higher maintenance, the reward of the much higher NOI is there to be earned.

@Chris SeveneyDebt adds risk AND reward. 

What you’re describing, often called Residential Assisted Living (RAL), can definitely be a lucrative and rewarding strategy if done correctly.

Procuring cause has morphed into which agent did the best job for the client, regardless of the timelines, so that bad agents don't get rewarding for opening a door and then not following up to help make an offer.

With passive investing, you get to reap all of the rewards without needed to put in nearly as much work.

Currently, I'm focused on selling new construction duplexes in downtown Indianapolis, which offer great potential for long-term investment.While I'm still relatively new to the industry, I've found that consistency and reliability often trump the allure of high-risk, high-reward strategies.

However certain seasoned investors later in life prefer to outsource the work and reap the rewards.

That said, they also tell me that the rewards are worth it, with high returns and strong relationships with repeat borrowers being common outcomes.So, if you're exploring hard money lending, I think focusing on transparency, speed, and offering flexible loan terms will go a long way.

Each deal is going to have its own unique pluses and minuses, and in reality it is all about risk and reward.