Quote from @Benjamin Larabee: Hi all,My wife and I have worked over the last 7 years to build a rental portfolio and are getting to the point where the bookkeeping/data entry tasks are becoming too time consuming.

Again, that is my opinion, and I'm sure others will claim they are truly turnkey.A turnkey operator finds or builds a property.

Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.

I want to find something local (Los Angeles area), move in, do small renovations to possibly build up more equity, do a 1031 exchange, and find something better. 

It's a wholesale deal close to downtown and I want to build a portfolio of duplexes for buy and holds because of the ROI.

I think working with an architect to build something really unique and custom is always the best move if you have the budget for it.

It’s possible to start small, build experience, and scale over time.

This is to compare to stand-alone retail buildings of similar usable square footage.thanks! 

Build up your cash as you build your knowledge and network5.

A lot of buildings don't have a carrier willing to insure at all.