We play games called, "lets show the property to a perspective tenant" and "lets go to closing together" and "lets deposit money in your bank account" and "lets review your college fund investments".

The key is to create an amazing property, in a great location, then manage and market it better than the sub-par property managers in the area. 

When it comes to 2-4 units not all markets are created equal. the northeast and midwest tend to have a lot more market for these properties then do newer areas of the south and west. 

I have decided to partner up with another investor to buy this property together.

We put 12% down on the property at a 5.99% rate and contribute another $120 or so every month towards the principle. 

I am interested in learning more about Buy and Hold properties.  

My main goal is to just purchase and flip my first property while using the contacts I have back home.

I've also managed to save roughly 60k for a down payment/cash reserves on another property.

I don’t hear much about turnkey properties on the BP podcasts.  

As a San Jose licensed property manager and investor, a 5% flat fee can be reasonable depending on the property.