Being that this is my first deal I am looking into working with a company that provides turnkey investments to go through the process of closing a deal with minimal risk.What are some of the advantages and disadvantages of turnkey investments and what are they typical returns once should expect from this type of investment?

With that said, looking at long term strategies and while not unhappy with referred attorney looking to community for reference specific to minimizing risk, maximizing gains and strategically develop portfolio efficiencies in asset protection and tax exposure.

I’d like to dive in right away but there’s that FEAR, mainly because I don’t have enough tools yet so I guess I need to be patient investing in myself first and develop the right skills knowledge, and attitude , so as to also minimize risks / mistakes.

FHA's allow a minimal 3.5% downpayment plus any closing cost or points charged.

They hire the cheapest attorneys, who do the minimal amount of work, while the courts continue to give them more time to come up with the impossible reorganization plan that they weren’t able to come up with 12 months ago.

You buy the properties as-is and have minimal ideas about what you might be in for.

You'll be capped at 75% of the new value for cash out (generally), so your risk (and that of the lender) is minimized and you'll have cash to work with at pretty decent rates.We tell everyone that you have to buy the properties right. 

Great revenue source for the city with minimal effort.

They offer very good returns with a minimal investment and you do not have to be accredited.

Best way to learn is getting out there and doing it but make sure you educate yourself first to minimize the mistakes you will make.