In this model you would run the property, pay them a fixed amount each month and keep any profits that you generate above that level.

We meet the first Tuesday of every month and have investors spanning all strategies and experience levels.

If you don't have a lot of time then turnkey investment properties can make a lot of sense for you.Another question to consider is your knowledge and experience levels. 

My lending partner for example, is maxed at lending $2.2M currently, which is adjust by a number of things, including the level of deposits that they have on account.Your strategy is a common suggestion.  

So here's what I'd do....I would refinish the wood, something I have done with some success myself just for cost of rental sander, sand paper (all three grit levels), and stain and poly....get a bid on hiring it out, too..

I do understand that there is a level of difficulty, however, I am ultimately trying to become financially independent and there is nothing more difficult than achieving that.

But it depends on your experience and comfort level if you want to leverage yourself more or less.

Hard money lending is risky enough without taking it to that level.

I am hoping to dive deeper into REI.

excuse my ignorance Thelma, but what is SFR And also I would love to get in developing properties with mixed income levels.