Again, the BiggerPockets store has some books for this or you can learn by watching podcasts, reading blogs, and interacting on the forum.

Every refinance after that we split 60%/40% ... until we decide to sell or bequeath. 

WalMart tries to sell you an extended warranty on every electronic.

I have been affiliated, many years past, with both via previous entities, in degrees of buying from and selling to/with. 

I own rentals, and I sell rentals.I used to buy in the Hilltop, and Franklinton area.

Turn key providers are a good one stop shop option, if they are being honest and transparent about the marketplace you are looking into and the product they are selling (pros and cons, etc).

. $3500/month payments for mortgage and interest payment that i need to pay on sellers behalf. 4-5 month fix and sell time line.

Is this the ideal rental or are you better off selling or exchanging it to buy something else?

It may also depend on if the lender sells the loan and who it is sold to.

you mean private lending. you are correct, you cannot pay it off unless you refinance or sell the property.