It was also the last year that I could sell and not pay capital gains because I had lived in it as a personal residence for 2 of the last 5 years. 

From what I've heard, you're better off paying out dividends which are subject to capital gains tax as opposed to pulling a salary that is subject to employment and income tax.

This allows us to stay within a reasonable budget while also gaining experience to move on to larger projects while also continuing to pay down debt.

Turnkeys are great if you don't have enough liquid cash to fund the property outright and still allow people to invest in cash flowing rentals and gain 1-4% appreciation annually in most of the midwest markets.

Anyone out there have any insights and experience?

Thank you for your great insight.

Thanks for any insight in advance!

Thank you for your insight, much appreciated. 

If anyone has any insight or recommendations they are always welcome, thank you in advance.

I'm starting this discussion to document our experiences and also seek advice/insight from the BP community as we know we have a long road ahead of us before closing... and not to mention the reno!