They're not expensive or terribly hard to obtain...Hope that helps!

Admittedly, I did a terrible job tracking, so I'm not exactly sure of my response rate. 

Some turnkey companies are great, some are mediocre, some are terrible.

That sounds terrible!

It seems like the market here in Astoria is absolutely terrible, but I would love to learn how to get into it.

@Rachel Luoto I would say if you already know an experienced flipper or discover one organically that engenders your trust I don't think it's a terrible idea to use that relationship to gain some experience by potentially setting up a deal like the one you laid out.

He sounds like a jerk and a terrible landlord, but might not be breaking the law.  

Quick look on the MLS shows that multi family housing prices start at min 500k for a terrible condition home.Ideally I would like to buy a duplex or triplex as my first property out of university but saving enough for a downpayment and repairs is going to be extremely difficult and even then, am unsure if the rent income is sufficient to cover a mortgage payment, taxes and other expenses.Should I wait until the market drops?

If you're going to live in the units you can qualify for the super low down payment options though, which is a big perk, but on the other loan that is investment property most residential lenders are going to want 20% down.For your current commercial lending offer, here is how it compares to what I've been seeing as the standard lately: although rates have gone up this year I've seen some slightly better rates (usually for customers that have multiple loans or a bigger relationship) but that's not terrible, especially if you don't have other holdings with them. 15% down is pretty good. 

It ended up being a terrible move because I was also young and inexperienced, and it was just a bad combo.