Finding that first deal, choosing a strategy.

[Austin J.]

I have decided I want to buy multi family properties with the goal of building passive cash flow. I’d prefer to have a property manager from the start. I have about 15k to work with, a partner who is interested in going into a deal with me(has done one other deal) as well as 100k in an account in my name that belongs to another person(who has given me permission to borrow against, however that works). The thing I am nervous about is value add. I know that buying turn key is always an option. But is it worth it to try and do any sort of rehab work through some contractor I don’t know when I have no knowledge on rehabbing or any kind of value add whatsoever? Or is turnkey my only sensible option for my first deal?