B. (1) BUYER HAS: 30 Days After Acceptance, unless otherwise agreed in writing, to: (i) complete all Buyer Investigations; review all disclosures, reports, lease documents to be assumed by Buyer pursuant to paragraph 8B(5), and other applicable information, which Buyer receives from Seller; and approve all matters affecting the Property; and (ii) Deliver to Seller Signed Copies of Statutory and Lead Disclosures and other disclosures Delivered by Seller in accordance with paragraph 10A. (2) Within the time specified in paragraph 14B(1), Buyer may request that Seller make repairs or take any other action regarding the Property (C.A.R.

My plan is to purchase my first property in the first quarter 2016 with almost a turn key house.

The key part is deciding your goals. 

The key to a deal like this is getting it done with no cash in.

Has anyone invested primarily in turn key properties and sustained a livable income from such properties?

Do what you enjoy doing because the key is to be consistent.

For example, you set up key word alerts. http://www.biggerpockets.com/alerts

That is the key to understand.  

For example, you set up key word alerts. http://www.biggerpockets.com/alerts

To get the most out of site, listen to the podcasts, set up key word alerts, and stay active on the forums!