If you are nervous about not being able to see your investment, or you'd like to learn the ropes by being involved in the rehab, tenanting, and management processes (more a DIY approach than turnkey), then I agree with @Lane Kawaoka that perhaps you should look more closely at your own backyard.

Whether you DIY (find your own agent, contractor, property manager and then manage them from afar) or go the turnkey route (one company does everything), you need to make sure the people you choose are going to be there for the long-haul.

@Matt Thompson  Absolutely get a real estate attorney that knows this stuff, it's not DIY. 

Beginner tip:  One thing to consider, if you decide you want to DIY the repairs just to learn, you will incur a lot of expenses buying tools you need but do not own. 

Greetings all!

Question: would you rent a basic 7-seater SUV (newer Honda Pilot) for $110/day? Is that a great rate?

I am considering using Turo to rent out and hack my vehicle for some extra CF.

You can purchase mold test kits relatively cheap to see if you have gotten it all. 

Not $2,700 worth of difficult for sure and I could do it in 2 days max including assembly of the cabinets.Had a bid for $800 to tear down the top 2/3 of the brick facade; took us 1 1/2 hours with a hammer drill.Bottom line, hiring contractors would probably eat away about $20k in profit if I hired them vs DIY. 

We install shower kits by Schluter all the time with fantastic results.

@Paul Kit,If you use IRA LLC to purchase an investment property, all of the income from the property must go back into the LLC and all of the expenses must be paid from the LLC.

HI Eduardo, We just finished DIY software for this very purpose.