Please shed some light on its pros and cons.Thanks, as always!

Horrible experiences having to go over to turn down heat, turn off lights, close wide open exterior doors. 

I am looking to do a variation of the Turnkey process which I would work with a project/ property management company to manage a light cosmetic rehab to build some equity in the deal and purchase the property on a discount.

A laundry premium sounds like it will leave a bad taste.Either way, my tenant laundry equipment has no lights or touch buttons or f ing lid locks. 

I am looking to do a variation of the Turnkey process which I would work with a project/ property management company to manage a light cosmetic rehab to build some equity in the deal and purchase the property on a discount.

Since I can see "the light at the end of the tunnel", 9 months of focus is feasible, however he rather get started investing now, with the notion that if we did 2 flips, he and I could make enough potentially to pay off said debt.Thoughts/advice welcome.

A water heater will often last 9-12 years, I saw one yesterday at an inspection that was 24 and still cranking.Also consider non mechnaicals like floors, light fixtures and interior doors and trim, kitchen cabinets etc..

First, because of your musical background, you're already light years ahead of many experienced investors. 

Need to find large value add multi-family for 1031 exchange (light to medium rehab ideally) primarily hunting in DFW, Orlando, Phoenix but open to deals in other states, MSA's.Other markets/states under consideration are anything in PA, CO, ID, TX, OR, WA, AZ or the Carolina's.Don't really want to go under $800 per month on unit averages, ideally $1000+.Price range of $10-$50 million.If anyone knows, or is a producing commercial broker in these markets, I would love to get in touch!

The one thing that I'd warn against about my experience with Philly is that the market can be extremely block to block.