Turnkey- I personally don't like the turnkey model, mainly due to the fact that most products sold via turnkey are in C/D areas, thus making you totally dependable in your Property management company 5.

@Nicholas WecksteinEveryone has their own criteria they seem to use to label neighborhoods and I’m no different .Here’s a general way I think of the letter coding A - fine hIgh end homes no rentals a great place to raise a family upper IncoMe folks often gated community and most people are driving expensive newer cars B- nice houses with good landscaping.typical suburban famIly homes some rentals here and there no boarded up houses or rift raft walking around You’d raise your family here and feel safe virtually no crime nice cars good blue collar working class C- even split of rentals and home owners some crime older cars some boarded up houses sporadic crime people tend to stay indoors at night youd be sure to lock your house and car here most houses are older and many need repaired D- Lots of dilapidated houses and the ones livable look to need repaired .

He's the king of creative financing.I will tell you that there are some really great hard money products on the market now and many people are able to buy distressed properties for pennies on the dollar, renovate them and then either flip them for profit or get into long term financing using hard money for the acquisition and renovation funding.Usually 10% interest only and 3-4 points are where the costs fall (not to mention draw fees and underwriting/doc prep fees).Stephanie

If the property is far from you, they will prefer you have a local property management company with a track record.Lots of local banks will not be happy about financing a property in a manner that gives you all of your cash back. 6 months seasoning gets you into a loan product where you can get a favorable appraisal.

Conventional can still be a great option if finding the right lender, but we've found different lenders offering quite different products currently. 

There are products that can finance the acquisition and rehab, but you'll probably have to refi after completion.Are you familiar with the BRRR model? 

Investors can buy value add retail but it is not passive in the beginning at all until stabilized depending on the product type.

By implementing energy-efficient appliances and lighting, using environmentally-friendly cleaning products, and promoting recycling and composting, you can show your tenants that you care about the environment and their health.

I found an great lender with an amazing loan product that applies to the western states. 10% down, no mortgage insurance, and a 15 year balloon payment that you refi out of way before it gets to that point! 

@Randy Bloch - if you are having a hard time finding a financial planner, I recommend you look for a fee-only (not fee-based, as this only means they also accept commissions and will also sell financial products) financial planner.