I can require positive prior landlord references, though.

I had always wanted to own property but never took steps to educate myself on my goals (sounds stupid to even say that).

However this is not something you worry about after you close    You need to have this figured out prior to closing.

This property was my mom's prior to her passing (full equity).

My goal is to have five long term rental properties in the area before I retire there in 2019 and then start employing the BRRRR strategy when I am closer to the properties.So to finally answer your question, kind-of turnkey, as in the property that I am looking for is rent ready, but I don't work with a turnkey company as I prefer to use my own property manager to screen tenants.

Prior to paying off the house I looked into refi. and was told by the person on the phone that PMI was changed to for life of loan as Troy stated.

What I was thinking about doing is taking out the HELOC in order to make some improvements to the property using OPM and hang on to my cash.Given that I am putting down 25% on the property it seems like I would have enough equity to get a HELOC but I'm not up to speed on how HELOCs work.If there is a better option to accomplish the same goal that you can suggest I would love to hear it.  

,I'm buying my first duplex and am learning a lot as I go (despite all my prior research)! 

Share our mistakes,goals and more importantly our journey into success.  

What I was good at was running a business, I started my own at the very young age of 19, and what I did have was the desire and determination to succeed at my new goal at that time - real estate.Start small and flip a house.