Just make sure you do a typical background check on the tenants and a credit check. 

I know there’s pros & cons against this turnkey strategy.For me i personally felt since I'm investing remotely, cutting out the rehab part, dealing with contractors would be less of a headache going into my first rental.I also understand that I won’t have any appreciation to start off or built in equity.I just need some advice here regarding turnkey properties and the best way to go about it.To me I feel like this can be a smart move starting out until get comfortable in the market I’m in & I’m able to build connections overtime and eventually I can really do the whole BRRRR strategy.Please let me know your thoughts whether it’s good or bad.

If the buyer wants it bad enough, them to come back in a year when you're ready to move out.I will say this too.

I don't see a bad time to buy in the Bay Area, as long as whoever is buying is qualified and has 3 to 6 months of rainy day reserve money (to cover things like tech layoffs, all of my clients I talk to that where laid-off found new work within this time period).

.- I have a mixed use property with 2 commercial spaces rented for the last 2.5 years and 1 short term rental/residential space I have airbnb'd/lived in part time for the past 2.5 years- I owe about $110,000 and have about $200,000 in equity- My credit is 580 - 620 right now due to being laid off last year and missing a couple of credit card payments.

It is about building relationships and networking.I get why people will say invest in your own backyard but that is NOT the only way, investing where you live does not guarantee success, you can still buy bad deals that don't cash flow or won't appreciate right where you live!

I do keep larger multifamily in separate LLC.To do one LLC I have multiple bank accounts (taxes, rent deposits,  operating and reserves),  seperate credit card, tax ID, tax filing, property management login, and email. 

Am I to get all the credit?

Do you think it will be a BAD return?

Norfolk is not too bad on restrictions.