Or you can use an attorney and make if more sophisticated.

I've never made an offer on a turnkey property, however, a good buy is a good buy and I wouldn't rule it out completely if it meets your criteria.Using an experienced sophisticated realtor that is not associated with any turnkey companies is always a good idea.

Second, those who retain servicing are concerned with capacity to process loss mit and loan workouts so they don’t want any investor loans or loans secured by the primary residence of investors because, statistically, investors are more likely than less sophisticated borrowers to strategically default.

You start small, eat at your level of sophistication, perform, give investors great returns, and rinse/repeat as you work your way up the ladder. 

The other two are not sophisticated in real estate, so I would likely be taking the lead while they would be contributing financially and also making decisions on the larger matters (while I would probably handle more day to day issues).  

This new investor was sophisticated and clearly knew what to do to get into a great position.

I know they exist and have known this for decades.. just really never seen them used.. at least on the West coast.. sophisticated buyers wont sign them is my thought I know I would not. 

This is sophisticated stuff but it is difficult to forecast not only future rents and expenses but the eventual sale price. should that potential increase be considered when evaluating a property?

In pools, much of this has been done, if other institutions are involved in bidding or negotiation, the asking price may reflect the actual value, these are sophisticated buyers, they have the expertise and staff to value what THEY are looking for.

ROE & cap rates are always a bit variable, but GRM is straight forward, even if lacking in sophistication.