Also, the BIG spread in possible listing price makes me curious.

Once it starts to grow, it spreads.

Is it better to have turnkeys all in one city or spread among multiple locations?

I often hire the contractor that are reliable but bids in the middle of the spread, and I often have leases that probably have room for adjustments, but if my deals works for my own metrics at conservative metrics, I will do it.And slowly the market rose, and then very very steeply we entered a seller's market.

You'd essentially be losing 2% on the spread, not to mention that technically your amortization includes some principle, which means that your second month, you will earn slightly less, and the 3rd month slightly less, etc., causing your negative spread to be even greater.On the other hand, you could try to pick funds or stocks that yield higher and capture the spread.  

Don't spread yourself too thin by narrowing your focus point.

Don't be shy in spreading your expertise and thoughts on the forums!

Working with my hands, which is very different then my W2 work, has a certain "honest work" quality that I enjoy.If I paid somebody else to do the work, REAL cash would be flowing out of my pockets not just fictional numbers on a spread sheet.I subcontracted more on the Oakland projects. 

Do you stay local in SW Michigan or spread out?

Welcome to BP, just remember to start off at places you already know or around the neighborhood (if possible) and spread out from there if now then expand to other areas and find your marketing strategy.