But for folks who work full time or more, live in pricey markets, or just want something more passive, turnkey can make a lot of sense.

My long term goal is buy and hold so I have passive income that will allow me to enjoy my family and support somewhat high-end lifestyle.Thank you for your help and input

My plan is to manage those vacation rentals at a 30% cut each, and racking enough luxurious properties under my belt to add another stream of passive income. 

@Greg Scully I would plan to manage myself for the first few years to gain the experience.

Pete is full of opportunity right now in just about any niche you want to tackle.Flips can be good but beware scope creep and capital gains, they're capital killers. 

I would learn a lot, and gain trust from accredited investors.

He does not want to do a reverse 1031 for the high fee and potential that the apartment building may not close, and would like to still be more flexible in his timing, because he could do a construction 1031 and get rid of all capital gains on this one project.

It's a slow gain and a more long term goal with what I currently have.So, given the information above...What would you do with $100k?

lol its great to plan very good job, now lets move on from speculation and vision and start learning the different markets on a national then state then local level once youve learned the hottest markets to invest in right now then you can start pulling the trigger on cashflow properties, or you can just invest passively with someone you trust

I am assuming a property held for 2 years you are taxed capital gains at 20%.