I've had a great interest in real estate since my high school days in NYC, and it all started with the love that I have for reading different types of business books.

We suggested they start a business and buy through the business name but aren't sure about that either. 

@Sami Gren  I would strongly urge you to get legal counsel to create a form contract you can use in your business.

Here are some considerations and tips to help you make the most of your turnkey investment strategy:Pros of Turnkey Properties:Ready for Rental: After refurbishment, turnkey homes are usually ready for occupancy right away, saving you the time and hassle of doing repairs and improvements.Professional Management: A lot of turnkey companies provide property management services, taking care of tenant selection, rent collecting, upkeep, and other daily tasks on your behalf.Passive Income: Investing in a turnkey property allows you to immediately begin earning rental income without having to take on major maintenance or remodeling tasks.Tips for Investing in Turnkey Properties:Take some time investigating turnkey suppliers in-depth and select reliable businesses who have a proven track record of effective property management and satisfied clients.Make sure you have done your research about the property, its surroundings, the nature of the rental market, and its potential for long-term income flow.Analyze the financials of the turnkey property.Even though turnkey homes can generate rental revenue right now, think about your long-term investing objectives and plan.

I always have a number of books and podcasts I am learning from, and I have detailed goals and plans for growing my portfolio and business.

Operators are getting hammered right now and many municipalities are coming down on the business model.

My tenant is on disability and would like me to complete the form to have the rent deposited directly into the business bank account.

In general college students were the PMs business and there was a different setup for summer rentals.

Ask Better Business bureau for a listing of low ratings3.  $$$ Seek a credit report company. 

Once you find property, try to learn the business from your friend.