Meanwhile, is what I’ve outlined the best game plan?

@Mabel Lung at the risk of being called a vulture, I'd still like to welcome you to BP ;) The reasons you outlined for being interested in turnkey are spot on and, while there are definitely ways to make money closer to home or through other avenues, if you find a provider you really trust, turnkey can be one of the easiest ways to generate passive income.Full disclosure, I am the CEO of Spartan Invest, a full service turnkey outfit in Birmingham, AL, but being on the other side of the contract doesn't mean we providers don't have plenty of useful information to share!

The important part of the outline we had for the deal was:1-We would Split all equity 50/50 after the following:2-Her 20k returned with agreed return if not already paid by the other deal.3-My 20k reduction in PP on property paid back upon sale.Despite in my opinion, the Air BNB being a business, and that should remain separate, and all terms the same rather we are together or not, she just wants the property out of her name, and for me to have full responsibility, ownership, and to have as little as possible, or nothing to do with the property.There are conventional ways to do things that are perfect, and there are non conventional ways to do things that if done properly have a very high rate of success.The loan is an FHA loan that I do not qualify for on my own at the moment, but may qualify for in 6-12 months.So far, title has offered me the option of a quitclaim deed into my name and I will take responsibility of the mortgage and the entire ownership of the property.

When we have bought properties, we leave them with an introduction letter during the walk through (typically the day before closing) stating that we have a copy of the lease and outlining the general terms of it (rent amount, end date, etc) and let them know that their security deposit will be transferred to us at closing.  

For me, the book Rich Dad Poor Dad was the first book that outlined a complete different way of thinking then I was used to.

It definitely appears there can be win/win scenarios for both buyer and seller based on built up equity and the ease of tapping into that without adding to the balance sheet for the seller, and the benefits you outlined in the fifth paragraph for the investor.

This report is free and will outline the markets across the United States currently.

I must say here to everyone starting out, the reason I was comfortable was because Brie and Charlie mentored me along the way outlining what makes sense for my vision.

Yep, it's the poor saps that were in the same self-professed REI Guru's parallel track (for just $175 more, today and today only) that outlines how anyone can get rich quick, using none of their own money, rehabbing distressed parties.

For a regular investor it's just a numbers and business decision.So for instance New York urban core might be booming but you get to outlining areas that are more suburban to rural and they are declining.