This is a great question, and it’s smart to dig deeper into the assumptions turnkey providers are using in their calculations.

My contractors have always gone to there choice of hardware stores, placed the order and I've paid for the order in full and had it delivered to the job site for them, that way no out of pocket expense for them and conveniently at the job sites...

The choice depends on cash flow, diversification, or continued growth.Good Luck!

I am thinking of changing the interior doors to smart locks and renting each room out.

You have to practice and find smart ways to move around PPC/PPL is definitely something I’m keeping on my radar, it’s great to hear that it's working for you and bringing in motivated sellers.

Renovation costs would need to be financed separately.Private Lending or Hard Money: Use a private or hard money loan to acquire and rehab the property, then refinance into a joint long-term loan.Seller Financing: Negotiate terms directly with the seller for a flexible financing arrangement.Final ThoughtsUsing an FHA 203(k) loan for your first property is a smart move, and with the right partnership agreement, you can still achieve your 50/50 goals.

Smart TV with Guest mode.

I would say anytime you can add value in real estate through taking a distressed property and fixing it up and adding value it is a good choice whether its for investment or primary ownership purposes.

BUT (It hurts to write this)It’s great that you’re taking the initiative to shop around for the best rates—this is a smart move when making such a significant investment.

(The other scammers are from posts here on Bigger Pockets from people with similar situations as mine) McMann Commercial Lending, Walter Trock & Michael LanzaGenie Investments - David Hughes and Mike ConnerSilversky capital out of Lubbock, TX.Jerry Yang and Guatam ShahSmartZip - Smart ZipAmerican Money Loan ServicesTom Vanderlaan.FLIP AND FAST LOANS LLC.Also read this post.