They also have pretty great flooring choices along with faucets, garbage disposals, light fixtures, etc.

The range is for whether or not the house already has duct work, model choice, and regional price fluctuation. 

Would wholesaling be a better choice if i'm just starting out? 

Now I have two rental properties in the Memphis area.I was not able to travel to and personally walk around and inspect this purchase but I do anticipate being able to do a drive by in a few months and with everything going to plan also inspect my third investment property.Going with turnkey investing at this point has allowed me to put some time into learning more about taxes, legal, and probate avoidance.What I am getting out of the research... having not yet spoken any professionals except CPAs... is that: California is a crappy place to try and start a business.Using legal entities is a personal choice but if you are going to do it there are tax efficient ways.While one LLC per property may be an ideal scenario from a liability protection consideration, it may not be cost effective and grouping/clustering houses in some way (such as by location or by value) may both mitigate your risk and provide some financial relief ($800 per LLC in California).I have more interviews to do but I am leaning towards:1.

I would say first, see what finance options are available, in your situation that will probably dictate what choices you have available to you.  

Had no choice.

TurnKey is where you invest cash/credit as a partner or investor, and the entire operation is set up and running for you by the "boots on the ground" in the area (state) of your choice...which is the way mine works.  

If you are in the NY-Metro region I will come to you and buy you a coffee/drink of your choice, listen, and learn.

The caveat is that he has to pay off an existing mortgage so this is not his first choice to sell the property though the mortgage is small so he can do it.

Hi Trace, I will post a blog article about business entity choices in Alabama and pros and cons of each as relates to management, taxes, and asset protection.