The way I try to balance it is to do most/all of my reading/analyzing/networking (virtually anyway) before my family wakes up. 

Even the contractors he hire to plug holes said the entire thing needs to be replaced and he's (HOA president) not doing it.

The comparison of a turnkey vs brrrr are polar opposits.Turnkey = On market, no work, little if any equity capture.Brrr = Off-market (hopefully), tons of work and tons of equity capture when done right.A closer comparison would be to buy a rent-ready house off the MLS in your market and hire a PM or do an OOS TK.  

@Bennett Pinkley You could hire an attorney and work out a payment plan with them that best suits your needs.

It will take them more time to train someone to do something than just hire out.  

Otherwise, hire a property manager with a good reputation.https://apps.leg.wa.gov/rcw/default.aspx?

The danger is the majority owner can do as he pleases, raise HOA fees, then hires himself at inflated prices as the PM for example.

Fix and Flip...Fix and Hold....BRRRR...etcHow were the costs of the repairs determinedDo you have the funds to start the project and make it to through the first draw (if the loan is setup that way)Things that make the lender feel better What is your net worthWill you be the general contractor or will you hire oneIf your credit score is low, do you have bankruptciesWhat is the expected time frame to finish the renovationsRemember in hard money lending we feel that each deal should be a win-win-win, so we want to do the deal to help you get started on your project and help our lenders make money.

I have just put under contract, a 4 plex in Indiana.Trying to be a little proactive, I'm curious on everyone's thoughts on whether I should hire an attorney to look over the lease I created (in which I mean, copied from the resource center here on BP and changed the location) or not.I'd love to hear everyone's take on this but I'm thinking having a lawyer in my corner just makes sense.If that is the case, the real question I have is how to I find the right lawyer?

It taught me that with time virtually all real estate will be able to generate favorable returns even the ones that were purchased with zero strategy.