I have a friend named Andrew who seems to be consistently finding them for his clients.

However, this could turn out to be one of those situations where you might be correct legally, but not get a result that is consistent with that at the local level.

I consistently hear that the rich tax savvy individuals buy property and equipment in the businesses name.

If you are considering going the turn key route, here are the things to look out for and avoid in a turn key company.Don't allow financing or a finance contingency (it can be a good indication they are selling above market value)Don't allow for your own independent property inspectionAre not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors)Require you to pay for any renovation upfrontSell only in cheap. low end neighborhoodsDon't accurately represent the neighborhood/property classificationDon't have consistent rehab standards for all propertiesDon't provide a scope of work for the propertyCan't provide references of repeat investorsRequire you to close before a tenant is in place

In the meantime something you can do that costs no money is listen to the BP podcasts to really get a feel for the many different aspects of real estate.

We put down 20%, it needed a little bit of updating but nothing major and within a couple of years the prices in Malden had really gone up so it has been consistently profitable so we will hold onto it for a while.

The company consists of my dad, my little brother who is super organized and runs the books for us, a rehab project manager, and myself as manager and head of acquisitions.

My take on the broader situation tends to fluctuate but I believe class C/D investing in Baltimore City if done in a targeted, professional, and consistent way is a giant economic opportunity.

The consistency on the advice from you three is refreshing!

More importantly, the aspect of providing value to others prior to asking for assistance or expecting something in return.