It depends on your risk threshold, what kind of deals you can get, and your opinion on the future of interest rates.Personally, I prefer home equity loans (fixed interest, fixed term) in this environment as I have ample deal flow.

I preferably would live in the state of VT in the Burlington area.

The location of the turnkey has to do with what you prefer in property types and what you can afford.

@Trent Torzewski where along the Gulf would you prefer to be?

Preferably one like Bruiser Stone in The Rainmaker or Saul in Breaking Bad. 

I have read David Greene's BRRRR method book and am contemplating whether to save up for BRRRR or utilize the FHA Loan.Any preference on FHA vs BRRRR method for first property?

I would prefer someone local to the Austin TX area, but struggling to find anyone in the area that has experience in what I am trying to do. 

That's the banks requirement, or your preference?

I prefer having longer term mortgages for longer term holds, because HELOCs are adjustable. 

Licensed and insured would be the most preferable.