I also ordered my first REI book and cannot wait to get reading.

I'd just keep shopping, reading, and checking back on this thread.

Check Youtube and read all the articles and blogs here and on mash visor to start 

First off let me say I am not an expert at all; however, I have done a lot of reading and research and have a decent understanding of some of this stuff.

Due to the low price and timing, my full strategy is the following:Buy the property (all cash deal)After getting employment, Cash out refi this property to purchase 3-4 more properties.Cash Flow on the three to four new properties will be $350 per unit (total of $1,400-$1,750)Would like to get some feedback.

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.

I've been reading in the forums lately that with FHA the PMI now remains for the life of the loan unless you refi out of it.

This particular property is a Short Sale in Cincinnati, OH and has about $2k (1 years' worth) of past due taxes on it.My contract with the Seller reads, "At closing, Seller shall pay or credit on the purchase price (a.) all real estate taxes and essments, including penalties and interest, which became due and payable prior to closing...."

One must know how 'break-up' when things don't go well.First, read the local laws on renting.  

To bring God glory,with financial freedom in where he may lead us.OBTAIN knowledge - Books we have read:  Rich Dad Poor Dad , by Robert Kiyosaki ;  The Millionaire Real Estate Investor, by Gary Keller; ALL OF Brandon Turners books (thanks Brandon ), The book on flipping houses,by J.