And MOST of the time, it happens over a longer time spectrum and NOT based on a string of "home run" deals!

Don't let this jade your attitude towards tenants - I'm sure you have come across plenty of tenants that are on the positive side of the spectrum.

As developers we have developed projects covering the real estate spectrum.

On each side of the spectrum you have easy to buy/hard to sale and hard to buy/easy to sell and everything in between.

Sure, anyone can fall on hard times and end up at the lower end of the wealth spectrum.

You would not believe the spectrum of contractors there are out there in the crazy world.

Every class is a different industry professional ranging the whole spectrum of Commercial Real Estate.

With recent changes in legislation that real estate syndication/funds are/will be more available to the masses, I am wondering if there will be a shift in future real estate investing for out of state investing.Crowdfunding sites like Realty Mogul and Fundrise provide a portal to accredited investors now to put up relative small amounts of money across a wide spectrum (and soon maybe everyone else) to what was formerly a somewhat secret product where you pretty much had to know the sponsor.

I'm at the far end of the spectrum they show (born 1981).

Here are a few comments to your questions: PROSYou will often find better markets to invest in.You will often find better cash-flow, cap rates, and overall returns.Can save you a lot of time determining the right market for you.Typically hassle-free investing versus finding and rehabbing your own properties, assembling a teams, and coordinating from a distance.The right company can provide you with everything you need including education, properties, lenders, management, inspectors, etc.CONSChoose the right company that understands what you're looking for and has experience in delivering on it otherwise you will still be doing a lot of the work yourself, and you may get less than your bargained for.Turnkey properties are typically prices at or slightly less than fair market value in the seller's markets today, so you are not going to get the discount you once could a few years ago, or by taking on the entire find-buy-fix-manage process.SERVICESServices vary greatly between turnkey companies.On one end of the spectrum you have basic providers of property and nothing more.