There are plenty of other ways to operate "Turnkey", but as an old school entrepreneur, I stand by my definition of what it means to be a true Turnkey company.  

This is for the purpose of having a strong foundation that will minimize risk from any “Black Swan” event and will also increase your long term cashflow.When investing in real estate or business in general, one should always look to protecting the downside first before looking at the upside.Just my opinion 🤷‍♂️Regarding your $50,000 budget for turnkey.It will mostly be C or D class which I would advise against.High crime, lot of volatility, unemployed tenants and property management collects rents with a bullet proof vest and shot gun.On paper things look great, in real life they are much different.On the other hand, if you DIY in a markets like Ohio, Michigan and Indiana.You can definitely be into a B class asset for $50,000 purchase and rehab.Wishing you much success

Long term appreciation is definitely part of the equation.

It definitely was a great deal. 

There is no simple answer, except "no, definitely not ALL closing costs"2.

I don't know about the Dallas area, but I am currently house-hacking a duplex and it's great.A deal is a deal, so definitely do your homework and make sure it's the right property.  

Randy thank you very much for sharing that experience, it definitely helps to hear your story. 

@Charles CarilloWhat you said definitely makes sense. 

Thanks mate,Spent the last few years on self mastery but still have a long way to go.When I grow up, I want to be like you and Chris heheI owe you guys dinner.Hopefully our paths cross somewhere in the future like Vegas hehe

I found this information very helpful and will definitely use it moving forward.