You have to include the cost of your time and the work, especially on a "scary house" is daunting indeed. 

I am looking into turnkey investing. I currently have a duplex in Milwaukee and am living in a single family home that I plan to turn into a SFH rental. I would like to purchase another duplex in the near future and a...

How about the increased home insurance cost for a landlord policy?

You will incur more lending costs but you will only be in the first loan for 6 months.

I have been only contacting those people who sign up or request info but would like to start some cold out reach. 

Originally posted by @Cheryl Warner:Oh no, I just signed up for this!!!

You have to make up the $2,000 or $1,750 out of your pocket. 

Another guy wouldn't pass me at all because I showed him up...yet another kept insisting that his interpretation of a plumbing code was correct when it was not - cost me 1 month of time.A neccessary evil IMO, they were usually former GCs who couldn't make it in the real world.....  

For cash-on-cash evaluation of rental properties, it is critical to identify ALL of  your acquisition costs. 

You see a house on google street view, bid like there is a house there, and you bid your $50,000 minimum bid up to $100,000 for your $200,000 house.