So, I'm interested in any geographical metrics or observations that people have.  

A couple of observations:1.

We have finalized Chicago,IL and Bridgeport,CT as the final two candidates.I have already got great amount of information about Elite Invest and GC realty here on BP but it seems there is not much discussion about Bridgeport turnkey provider.We are 45 minutes away form Bridgeport, CT which provides us better sense of comfort to observe our first turnkey investment from not too far and if required, we can step in to self manage.I have stumbled upon a company called investinbridgeport LLC who provides turnkey solutions.

Not an attorney, just an observation.

Not to beat a dead horse, I agree with most of the observations in this thread.

Good observations for a young guy. :-) There was no lending.

@Matthew Kreitzer I sat in court the other day observing a couple cases because I had to get something recorded at the courthouse...2 cases, which were HOAs with lawyer representation versus per se homeowners.

Observe how the person interacts with their dog.

But if you have observed corporate formalities and kept the LLC separate from your personal affairs, they will not be able to obtain a judgment against you personally, even if they name you personally as a defendant.

When touring the property, use your scoping skills to observe how well the current owner has maintained the property and how well the tenants take care of their units.