Inspections, renovations and touch-ups, and then cleanings to get the property ready for the next group.Student Housing ChallengesYearly Turnover - Every year you have tenant turnover.

If you don't apply 2 coats any touch-ups you do in the later years will be noticeable....and I have heard all the painter excuses and "thick coat" arguments. 

OTOH, you can get touch up paint for appliances.  

Now that we're a few hours away we have a property manager that handles various tasks like showing the place or cleaning/touch ups between tenants.

With quality tenants, all that is normally needed is carpet cleaning and paint touch up.

You don't need a licensed contractor to touch up paint or nail holes etc. 

That means they're the first guys in and the last guys out, and therefore I never have to worry about dealing with touch-ups.

I've always had paint touch up required when refinishing floors before paint.I like to do paint after refinishing floors.

:PP: $59,000Closing Costs: $1650Repairs: $5000 (buff floors and touch up paint)Monthly Expenses (including 10% management): $1261Monthly Income: $2450NOI: $17419Pro Froma Cap: 26.8%Cash on Cash ROI: 67.27%MONTHLY CASHFLOW: $1188.52

Paint I am not worried about, maybe at the end some touch up.