He told me that he only allocated an hour for our meeting so I would have to come back.

In order to make it work the amount of properties has to justify the resources youre willing to allocate to these areas.

In a similar fashion, if you can imagine how much landscaping and underground infrastructure is in a golf course as compared to the clubhouse, that will give an indication of why an extremely high percentage of the property's value is allocated to the land improvements.The "lazy 1031" can be executed with a direct investment yourself, or through a passive investment in a syndication with a sponsor who is taking the bonus election.

How should I split the allocation between houses given the implication of the note below?

For example, developing neighborhoods or luxury properties requires strategy and planning alongside connections to reputable sources that can allocate a quality build.

But in principal I agree that you should allocate your money to the area that will give you the greatest return, regardless of whether that is paying off debt or investing in an asset that generates a return (adjusting for risk).

capital to allocate?

This allowed me to re allocate my monthly funds.

I feel like turnkey is the best place to start for people new to investing and don't have a lot of time to allocate towards the investment process.

You are calculating 5 cuts a day and thinking that is five hours, but don't forget maintenance time, travel time, breaks and allocation for bad weather.