From what I've observed, turnkey investment strategies are best for long term buy and hold investments (+ 10 years).

Buy and hold is a long game.One other observation I have seen from business owners is that they often got into real estate by accident.

Hello @Mike Lynch,It is a good idea to have a detailed list of the recent updates/improvements, particularly for those items that are not readily observable (e.g. plumbing, wiring, insulation).

My observation is that deals that meet those criteria in those areas are going to be few and far between, and likely they won't be typical MLS retail listings.

Haven't really trended any of the foreclosures other than this particular observation.

I've personally always done my own, and learned some important tips each time I observed while waiting for case to be called.

Here are my observations and opinions:Good looking property with great lake views.In the off season lower your minimum stay to 2 nights.

Good observation on the property tax costs.  

Thanks for your observation. 

It is my observation that these units have much much higher expense... and below are the numbers:Rent - $600Utility (landlord pay) - $200, or 33%Insurance & Tax - 10%Vacancy - 10%Repair - 5%Cap - 10%Total - 70% ish....