Ivan, turn key is simply one of several methods of acquiring rental properties.

Structure the deal which works out best for you and the seller - that may be a lower sales price, that may be the owner carrying paper on favorable terms in exchange for a higher sales price, or something different.  

It's the BRRRR method on a large scale.

Something that I implemented that has also been helpful is the "profit first" method, or the  "rich dad, poor dad" method of paying yourself first.

Being honest with yourself about how hard you already work, not about how hard you plan to work, is going to play crucial in your determination and ultimately will somewhat factor into how successful you are.If you have a lot of passion and drive, like you mentioned, already have an understanding about real estate and structuring deals / transactions, perhaps it's the move to make.I started out with getting my license to use on the side. 

I will look for real estate meet ups on meetups, however most of those things i think are scams by people just teaching you "their" method and you have to buy in.

If you can get a property that is truly undervalued because of structural or safety issues that may impact financing, I would think you may want to use your cash towards those up front, fix the issues, and then get your cash back out.

I like that.Yes, in the interests of full disclosure, Thomas is right... there are more options.I have an acquaintance in DC who does quite well using a method Thomas would certainly approve of.

I am closing on my second home using the brrrr method.

Additionally, I see this as having potential to be a larger relationship, in which I raise capital from private investors and bring them to him.Can I please have your recommendations/comments about different ways to structure this, both in the short term and long term.Thank you in advance!