In our market we can purchase turn key single family homes for anywhere between $200K and $250K. 

It turned out this was his first time appraising one.

Do you have a price range (or down payment target) and are you ok with some rehab or do you prefer turn key?

So question is, how much would that $15k turned into over same time?

Do you have any idea of the price point you can afford and are you looking for turn-key properties or something along the lines of a "fixer upper"?

Have you considered Turn-key? 

Many people buy a house with a FHA loan and then turn it into a rental but it doesn't mean it's always allowed.

Here is a great read on turnkey investing; Turn-Key Revolution. 

But when it comes to choosing or creating investments that will produce a return along with personal fulfillment or enjoyment, then I say it definitely matters what you invest in and where you invest.  

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.