If  anyone has a tricked out version that can run tax implications on the common legal entity set-ups (e.g. transition from SP to LLC) that would be cool, too.TIA!

Analysis Paralysis is extremely common, and gets all of us in the beginning.  

And it's probably the most common application of the 1031 exchange. 

Hi @Lynzie Mackey,At the end of a lease in this area, it's common to offer tenants the options to sign an annual, 6 month, or month to month lease. 6 month leases will come at a 10-25% premium, while opting for a month to month lease often comes at a 25-50% premium.

@Eric Starks - That happens to be a common question on BP.

The Premises are comprised of Tenant's dwelling unit, as well as any common areas, including, but not limited to entryways, patios, yards, community rooms, hallways, basement, laundry room, stairways, balconies, decks, and garage.D) Tenant to Promote Smoke-free Policy and to Alert Landlord of Violations.

Additionally a barn/ amenity building for common use of guests and/or rent for events.

In March of '21, the trustee transferred title of the property to all beneficiaries personally as tenants-in-common.

As you will soon find, there is no common definition of a turnkey property, and it can be very risky (and expensive) to make any assumptions.The ongoing management of the property is another area of vastly different approaches to turnkey investments.

You do not have to; it's easy enough to do on your own with some time and trial and error.