That would be glorious...lol quite honestly to get a longer contract and have them turn into longer term tenants provided they are good of course.

From the Great Recession to Q1 2022 it was easy to find RE that seemed very likely to produce outstanding return. 

I would like turn key properties for my first deal but not opposed to fixing some up and then renting them long term.

If it's turn key and rented you would analyze current rents vs expenses.

Right now you may see them as less than suitable for partnering with, Maybe rethinking your own position about making money with them might produce a profit.

If things go sideways, you discovery greater rehab expenses, the market takes a turn for the worse, you can get in the red quickly. 

Looking at SF, turn-key properties that I can rent. 

There’s no real reason to jump into another market unless your goals shift and your current market doesn’t fit anymore—or if the market itself stops producing the results you need.Mastering one market and squeezing every opportunity out of it is a much better play than spreading yourself too thin and getting half-baked results in multiple places.

These properties typically turn over once a year as they are mostly student rentals. 

Though it may cash flow well based on their current debt service, when you compare the income it produces to the equity they have is it actually even a good investment for them from an ROI perspective or would they be better off liquidating and redeploying?