Unfortunately, if you ask more than one question, they only answer one, and it's typically not an answer to any of the questions you asked. 

Develop a team with essential members, focus on moderate property prices and high demand, and start with cosmetic flips.

Also, what's the typical fee structure for single-family homes?

If you rent out the downstairs for $1400, you will essentially pay $1,600 for the upstairs apartment.

The culture component is ESSENTIAL!

I am not familiar with Horn Lake and the economic conditions you mentioned as a CON, but if you already have those concerns, on top of a large rehab, which typically don't shrink as you get started, and being OOS and needing a PM team, you may want to consider other options as you get started. 

What are the typical fees that turnkey investors charge?  

Yes, since the property was under contract before you backed out due to inspection results, the inspection fee can typically be treated as a capital loss.

It's essentially a business plan with a sample deal that portrayed the projected returns for my investors.Thanks, Mark!

@Bijan SabbaghiYou don’t that’s the challenge - we pull data from several places as a note holder and for example and currently we see less than 20% actually going to foreclosure as most are ending in bankruptcy right now due to borrowers equityThe ones that are under water are typically going back to the bank.Best bet is to find properties where deceased or maybe divorced to get higher chance of actually going to foreclosure