Thus, I was essentially living for free and putting any excess capital into improving the home.

In other words, I make them Turnkey for myself.It seems that the business model for a Turnkey Company would be what I do as a Real Estate Investor, except that the PM would be retained for a new Owner after it is sold.Sort of like a Flip but with retained PM.I was thinking that if I were to do that, I would only sell Properties that are subpar to my buy and hold criteria.In other words, if I find a property which will not meet my Cash Flow, Appreciation AND ease of Management, then I would just flip it and offer management as a turnkey property.I can see that a great Turnkey Business Model would be creating a portfolio of great properties, but because I have the Acquisition, Renovate and Property Management machine well oiled, HEY!

The point is that the two are not comparable and I hear a lot of conversations among real estate investors (maybe newer investors) where I don't think many of them understand that.Obviously for this example I didn't include any rental income that would be reinvested, which essentially is where you would get your compounding from. 

I read that in order to get a second property, you need to demonstrate that you have enough cash reserves to cover the mortgages of both properties for 3 months, essentially having 20k plus on hand. 

I am not sure this debate has occurred here on the boards.First let's understand what the definition of a security actually is:The term ‘‘security’’ means any note, stock, treasury stock, security future, security-based swap, bond, debenture, evidence of indebtedness, certificate of interest or participation in any profit-sharing agreement, collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, fractional undivided interest in oil, gas, or other mineral rights, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or, in general, any interest or instrument commonly known as a ‘‘security’’, or any certificate of interest or participation in, temporary or interim certificate for, receipt for, guarantee of, or warrant or right to subscribe to or purchase, any of the foregoing.So right there at the beginning of the definition we see "any note".

I currently work in the oil field in the Midland/Odessa area.

The original poster queried about the merits of what is essentially a copywriting question.IMHO, condolence statements from strangers are inappropriate and insincere.

At one point, I used leverage to control contracts on several million dollars worth of oil and S&P 500 futures.  

Essentially what these guys are doing is creating an army of wannabe investors who have no clue what they are doing.  

Hello, my name is Ray Hovorka and I am an oil & gas professional from Cypress, Texas.