Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

We act as GC on our efforts but we have gotten tired of the effort involved.  

Father can assist with some functions, but I guess the more he's involved the more one could argue that he needs a license. 

However, you can't sell something unstable, with circular references, requiring human override, etc.But, if you stabilized it, the model loses efficiency. 

Turnkey properties offer immediate rental income with less hands-on involvement, while properties in need of rehabilitation can potentially appreciate in value.

The truth is if your investors have no involvement in the operations, If they just put in money and expect to get a profit, you have created a de facto syndication.2) I see a ton of people who just raise money for the syndication. 

Prioritize your financial stability.

This does not involve the utility company meaning that you will still have to go into the property, read the meters, then individually bill each tenant for their usage and understand the bill is still in your name.

I was never involved with the selection process. 

On the other hand, cash flow investments provide stability and passive income but can take longer to build substantial capital.Since you're open to out-of-state investing, I’d recommend looking into Tulsa and OKC.