These questions are necessary because some turnkey purchase contracts limit your options, and it's important to verify critical information.You must be allowed to have an independent property inspection.If you are not satisfied with the turnkey’s property management, you must be allowed to move your property to another property manager.You must be allowed to get multiple bids on expensive repairs.

The type of tenant you put in your property is critical and similarly the area you buy in can have a serious trade off for high cash flow but the investing becomes much more active.

I should have focused on books and farmed out tax prep early on to get the hang of things, and a few critical years here and there, at least.

@Brett FerraraOperating agreement would be very critical as you need to determine how to resolve disagreements, but someone out who wants out, who is making decisions and running the day to day.

My wife/business partner have eliminated most if not all "Bad" debt to leverage our time to bulid a business while at the same time positioning ourselves to borrow when the rate of return justifies the situation.During the paydown period we learned along that an solid foundation in financial education is critical to successful growth.In our opinion you need both to bulid wealth.Live below your means so later you can grow your means...Be debt free but able to leverage when an opportunity arises...Just our two since cents...  

Use their criticisms to help push you out of your comfort zone, Respect them for who they are and move on.

For the federal government to pump $46+ billion into the housing assistance programs benefits many people from all facets of life.It benefits housing prices for all home owners.It benefits real estate investors through providing support for real estate prices, rental income, and increased rental demand.It helps cities and municipalities by supporting the property values and thus the tax base.

The professional and comprehensive handling of your reservations is critical if you want to maximize your investment in your vacation rental business.

Not sitting with an attorney would mean you end up with some boiler plate operating agreement and run the risk of missing issues that might be critical in the future.  

All the naysayers in this thread critical of this technique will not help pay for any damage you could have otherwise prevented by seeing how the prospective tenant lives.