You literally have to get to the property within 3 days MAX to get a shot at these entry level properties. 

Now if you don't mind smaller returns in exchange for eliminating the majority of work to get into the game then turnkey is a great way to do it especially with low cost to entry, but then again you could also invest in an REIT, syndication, NNN lease type asset. 

I'm currently between Beverly Hills and Manhattan, both of which seem to have significant barriers to entry for multi-family investment, which leads to my first question:1) Should you typically only invest in markets in close proximity?

There are over 1000 cryptocurrencies and counting, no barriers to entry.

Also, if you look at just the barrier to entry, most cannot afford $1M home.Terry

A mature market is not good time for speculation and new entry without caution. 

I am a local investor in Dayton OH and it's no secret that we have some of the best deals anywhere in the country from a cash flow standpoint and our point of entry is very attractive to say the least. 

The entry level condos in Kihei still cashflow. 

Recently began trying to get into the Metro Atlanta markets myself, actually putting in the first offers today, after months of strategizing, a few visits, and trying to get as much in the way of systems in place as I could anticipate.There are opportunities there for sure, and mostly the cost of entry is relatively low compared to W.

. * buy/rent in restrictive areas where rent can’t fluctuate drastically* Look in restrictive areas — cost to build barriers of entry * 65% debt coverage* Cranes in the air, beware — means addition of supply* P&L — profit and lossCardonecapital.com——————————————Ep 260 Chris Voss* Fundrise — fundrise.com/biggerpockets * Never Split the Difference — Chris Voss* People are afraid of negotiating because they don’t like conflict, or the feeling of beating someone else down* Last impression is a lasting impression* There’s always something more important to someone in a negotiation than making the deal — lots of people just want to be heard-out* Seek first to understand then be understood * You get what you want by hearing the other side out — people want to be respected, heard, appreciated* People want to “feel” good about the negotiation * Offer, “Ok we’ll do it your way” * Let them feel in control — “how are we going to do that?”