I’m trying to stay a bit conservative with my future predictions for this particular area.

Tenants tend to stay in SFH's longer than apartment rentals, so I would assume 3-4 years, and turn over could be as simple as a wipe down and carpet cleaning if the PM is doing their job and screening tenants appropriately (although even great screening doesn't always guarantee great, clean tenants).  

"The survey found the worst, most outdated features in homes include linoleum floors (40 percent), popcorn ceilings (29 percent), wood paneling (28 percent), ceramic tile countertops (28 percent), shag carpeting (19 percent) and avocado green appliances (8 percent)."

It's not in too bad shape, but was a smoker's house and hasn't had any cleaning done in years.Based on a quick walk-through I'm looking at internal painting, minimal external painting, carpet replaced (or removed to get to the hardwood floors where possible), a bunch of minor repairs to things like gutters/eaves/etc.In a perfect world, this relationship would continue to care for the property as issues occur in the future.

E - 1/1 $450 lease from 7/26/2006 - Middle aged male likely to continue to stay for an extended time.Taxes on the building would be roughly $2500, Insurance estimate $1200.

I'll stay in contact and thanks again!

I will definitely be doing my due diligence when working out a deal to stay within the lines.

Another advantage to you buying property back home is when you visit for the holiday's you can potentially write off your travel and cost of stay as property management costs.

This may lessen your down payment requirement, AND give you a place to stay when you visit.

His actions say that he's actually fairly indifferent about losing the house (and perhaps he needs to be educated on this fact), but he probably doesn't want to immediately lose a place to stay.