Is this still a good investment strategies and what should I expect? 

To avoid going through the same poor experience, keep reading.Even if someone give you a referral, don’t make the mistake of assuming that PMC will meet your expectations, just because they met the expectations of the referral source.We also can’t believe how many owners hire the first PMC they speak with!

While I don't expect another 2008 size wave, I do see a large hold back of inventory coming to market. 

@Helena Lee, I do not have experience with it, BUT I would expect to pay capital gains on the bitcoin. 

Quote from @Sebastian Bennett: @Russell Brazil Why do you expect expenses to go up? 

You have to tell people if a toy is broken, missing pieces, or might explode when played with.

The only thing that makes these properties turn key is the fact they are move-in ready for a lower income tenant with low expectations.

And what discount should I expect?

The rental market has slowed in recent months but expected in winter.

Prices a few years ago were based on expectations of (in addition to interest rates staying low): - Then current operating cost assumptions (like insurance cost expectations being flat)- A seeming disregard for record levels of new inventory / supply hitting the market- Extremely high inbound migration expectations which are likely to not be met, due to both natural disasters and the boomerang effect when people from California or the Northeast move to the American South and hate every minute of the humidity, the large and relentless swarm of insects, and the occasional hurricane.