I believe she stopped doing them as the district attorney was cracking down on people doing them.

As I said, I am a beginner seeking knowledge, and this forum seems to be full of it.

The people here are extremely helpful and knowledgeable.

I think it might be better to network with local professionals that may have deeper knowledge of your market.

A lot of people are under the false impression that management companies assume the liability here, or that their umbrella policy will kick in for their neglect or lack of construction knowledge.

Any real world knowledge would be appreciated and I know mortgage brokers, private equity and loan professionals could help here.Thanks William

And I think that part of the reasoning behind the accredited investor rules (both new and old) is to ensure that if things do go badly, that your investors will have the knowledge, money, and desire to go after you.

I would have paid a landscaper 60 per month to keep the grounds but that landscaper would have a knowledge about what bushes needed to be there and what needed to be done away.I need some advice about how to go into this conversation.

I wouldn't say that turn-key properties are "no work", but they are certainly a lot less work than finding and fixing a buy-and-hold property.I also wouldn't say that they have "lower returns" because I've seen many investors go out and do it themselves (i.e. find and rehab), only to end up having to put in more TIME and MONEY into their "investment", resulting in the same or lower returns as if they started off without all the headaches and buying a turn-key property from the start.Investors need to ask themselves how much time, patience, knowledge, and experience they have before they decide on their investment strategy.

It has to be knowledgeable and with at least some few years of proven experience.