They are 3rd party and should be neutral so they should be able to explain the process.

Third party management can make sense on any property as long as you are satisfied with the returns.Insurance costs will be proportionally more than a SFH/4plex in the area would. e.g.

I use 4 main categories of asset/liability:Retirement accounts/529 planLiquid equities (stocks/mutual funds)Real Estate (properties and bank accounts)Personal (personal accounts, vehicles)I was going to use personal capital, but they had trouble accessing all of my various accounts and I got uncomfortable with having a 3rd party have my usernames and passwords.

Normally the turn-key companies collaborate with local providers and contractors. when talking about signing the purchasing contract, the parties on the contract would be only the investors and local provider, rather than the turn-key companies.

Finding The Deal:I was at a friend birthday party where I may have enjoyed one or two cocktails, too many, and was talking with a friend of a friend who mentioned that he was looking to get out of all of his 6 properties and would easily take 300k and cash out.

@Nasson RaymondI cannot speak directly to the services of Advanta, and must disclose that I am a competitor offering a different kind of service in the self-directed plan space.Two key things come to mind:1) Advanta is a 3rd party administrator for IRA accounts. 

I currently own 2 SFH and I'm currently in the process of purchasing my third SFH.

Refinance me FROM DAY 1 (just like I mentioned in that post reference above).The tricky part is that some lenders do not follow this rule. 

Hey BP,I've recently closed on my third property, a duplex in Deland Florida, and this is the first time I've dealt with a property that needed work.

I almost NEVER, EVER, EVER see a third party (such as you), buying an LLC from another person that they know nothing about, just so they can take over that LLC's assets.It happens, but based upon my experience, sophisticated business people almost never do it that way.