Jeremy is known to some of the others in this thread for the syndicate deals he invests in, his due diligence standard, his views on the RE cycle etc.

My standard answer to clients is along the lines of: "I can fill it tomorrow if you lower the rent or lower the leasing guidelines.  

the set up is pretty standard stuff any of the pro's on BP can help with that... one thing I have seen and I have done a LOT of financing for IRA buyers... is if they are going to buy rentals .. they need to have adequate reserves.. and probably more than adequate.. as you can't add your own personal funds if you have a messy tenant and have a big turn over bill and you do't have enough money in your account... it can lead to real issues... so just go into it well capitalized and if your buying rentals don't use your last dollar in your account always keep 20k or so liquid for the unknown that may occur

Was wondering what other features investors currently look for in turnkey investments except for the standard returns? 

There are 5 free uses, I believe.Based on a quick run through the calc, it seems like low cashflow even if you assume $0.00 property mgmt (counter to standard advice).Report: Manziel quadplex analysis PDF

Now that is the standard throughout Atlanta and most of the industry. 

Is it okay to purchase property with standard financing of 20% down?

Otherwise you're looking at the standard 20-25% which might price you out of your market.I would watch HUD homes, and REOs that are offered to owner occupants first.

Is this standard procedure, my intentions was just to do a promissory note and FCI service the loan.

Is this lender specific or is there a standard across the industry that I am missing?