On one hand, yes, your nominal costs might be higher since you have more units, but your per unit costs will tend to be lower.

The turn key property on the other hand may have had the HVAC and roof replaced in the renovation.

Just because someone has tattoos all over their forehead, neck and hands, and wears gang colors does not mean they are a bad person. 

My wife is a stay at home mom and very hands on and very capable of managing the project. b)  I'm looking for deals around 75-100k, put 50k in them, and t hen sell for 175k-200k.b)  I have multiple small IRA but none of them by themselves large enough to do the entire deal. 

What I'm doing in looking for a potential partnership is getting my hands dirty.

I buy my cabinets second hand for my low end rentals.

On one hand, having the mortgage interest deduction against the rental income seems like a positive (but then closing costs seem to negate that benefit.)

Whoever invented this and buried it in the T&C’s is my idol and if anyone knows who this is please let me know, as I will fly anywhere to shake his hand.

You need to have a solid foundation of knowledge going into a situation like this or you could end up with a big mess on your hands.

@Adrian Gonzalez, no, we have done a handful that we did occupy while remodeling (for the capital gains exclusion), a number of fix and flip deals, and the bulk of the deals have been long term holds.