It takes more than money to be a continued financial success in the real estate business.The Hard Way – Start from the bottom and learn the business – study neighborhoods – attend auctions (don’t bid, just observe.Take courses – but be very selected – don’t over pay – don’t chase the Get Rich Fast programs from Fast Talking Know Nothing Promoters – most of them are trashGet in the field – drive around – farm – talk to neighbors – get listings – call FSBO’s, have agents keep you informed of trends and off market properties – train a real estate buyer’s agentLearn to make offers – but first you need to know what to make offers on, you must understand clauses and contracts – you need to know and understand every word and what that word will do for you or how it can hurt you – my clients are trained to use a contract form we call a Skinny Contract – it is a one page document – it has the address – the offer – and clauses that allow you to sandwich yourself in for an assignment fee and most importantly – full disclosures and what happens if you cannot settle – Set goals ----yep – sound silly, but it works – set a goal to look at 50 properties – My clients call this the 50 house rule – select an area – make appointments with FSBO’s and agents – keep a journal, write down everything about the property especially the cost per square foot, financials, the owner and the building – look at 50 properties – but don’t make offers – just look and study the market – A doctor will studies for years, watches others doctors slice open patients and after many years he has a chance to be a real doctor who has learned to heal people – study your potential profession and work as hard as a doctor would – expose yourself to experience – your job is to know your market better than anyone – it takes a medical student many years to reach their potential – you can earn as you learn without spending years in the process.Working the 50 house rule – don’t make offers on any of them – just keep looking.The purpose of the 50 house Rule is to know every detail about properties on the market, the expired listing market, the tax sale market, the HUD market as well as the market at the court house steps.

Since this is not for lending purposes (yet), the same "insulating" rules don't apply.  

Is an LLC more beneficial for tax purposes?  

If I know the tenant is growing pot for the purpose of distribution and did nothing about and, and the cops busted the grow the state can seize my property that I own free and clear.

A credit inquiry for a legitimate purpose, such as buying cash flow positive real estate and building wealth or buying a home to live in, is always ok in 100% of cases.

Hard money loans are typically issued by private investors or companies.Real estate investors can leverage hard money loans for many reasons, including: Property Acquisition & Rehab Land Acquisition & Development Residential or Commercial New Construction Investment Rental Properties Cash-out for Additional Acquisitions Fast Acquisitions due to Time Constraints Cross-Collateralization of Properties Multifamily Bridge Loan Foreclosure or Bankruptcy Bailout Recent Credit & Conventional Qualifying Barriers7 Steps to Guaranteed Hard Money Loan ApprovalStep #1: Find the Right PropertyDepending on your real estate investment purpose, be sure to do your proper due diligence in evaluating a prospective property.

If #1 is true, then what would be the purpose of the 80% if the policy doesn't cover the existing structure?

Nothing against young, first-time investors, just for the sake of the conversation it appears the OP wants to know if the purpose of Turnkey is to provide service or provide a slick way to capitalize on inexperience.Unfortunately, it can be both.Like @Jay Hinrichs  pointed out, I write on the forums weekly how the word Turnkey means nothing today and is only a marketing term meant to attract eyeballs.  

I'm an agent from Melrose Ma but am hoping to have a multifamily in the near future for buy and hold purposes.

The purpose of getting off-market leads is to find better deals than you would normally via the MLS.