If you don't have a lot of time then turnkey investment properties can make a lot of sense for you.Another question to consider is your knowledge and experience levels. 

My lending partner for example, is maxed at lending $2.2M currently, which is adjust by a number of things, including the level of deposits that they have on account.Your strategy is a common suggestion.  

Victoria Wow, thank you so much for the positive energy!

Talking is a waste of your energy.

So here's what I'd do....I would refinish the wood, something I have done with some success myself just for cost of rental sander, sand paper (all three grit levels), and stain and poly....get a bid on hiring it out, too..

I do understand that there is a level of difficulty, however, I am ultimately trying to become financially independent and there is nothing more difficult than achieving that.

But it depends on your experience and comfort level if you want to leverage yourself more or less.

Hard money lending is risky enough without taking it to that level.

I help property owners and small businesses improve energy efficiency, environmental health, and impact on the natural environment.

excuse my ignorance Thelma, but what is SFR And also I would love to get in developing properties with mixed income levels.