But in real estate, Turnkey is more of a process which includes the purchase, renovation or rehabbing of an existing property, the leasing and then the sale of the property.

Renovations like this are messy in terms of coordinating and field verifying.

My cars on cash is 15% and that is after major renovations to the upstairs unit.

Renovating a 100+ yr old "historic" house is one of the most challenging and difficult tasks...for anyone; I can't imagine taking this on as a "super green", "newbie".  

Are you looking to gain experience in remodeling and renovation?  

Hi everyone, I took out a Heloc on my primary residence to do renovations and I plan to refinance the heloc into a 30 year mortgage.

.), we can call it a "renovation" and you can avoid the hard money / construction / commercial financing. 

Nothing wrong with that.This may be a drastic solution, but it might be the way to go.You need two new tenants.Don't renew the lease (no incentive), and cash-for-keys (help them get that car out too).You're planning a full renovation, right?

I'm a full time chef really interested in growing in Real Estate, my first deal was and still being my primary residence bought as a short-sale paid 67k cash on January 2013, spent 18k in renovation and now it's worth around 150k .I became a Licensed Real Estate Agent 5 months ago, and I'm looking forward to working on this field. 

I have a lot of experience with renovations, having done most of my work on historic single and multifamily properties.