Also any tips for automating this as much as possible and how to protect the property financially and property management would be appreciated.I ALMOST understand the rental arbitrage strategy if building a company scaling with say 30 + units and looking for high short term cash flow.  

You will take care of repairs under say $200 or $300.

Hello Everyone! I am looking for some advice here! Me and my partner moved from Utah to Maryland for school recently and we have a townhouse that we are looking to rent. we are currently remodeling and changing a few ...

If I live a busy life and don't have the time or care to invest on my own, but want to put, lets say $200k to work, is a 15% cash flow return reasonable? 

@Kwanza Price tips for managing contractors:1.

And who is taking care of the landscaping/snow removal? 

If that is all ok then get a very good local realtor to run comps in that area to determine the conservative value of the home once you've completed the renovation work(ARV).

Just make sure the management part is taken care of.

If you’re in the position to buy multiple deals because this nursing home may get properties frequently.

Home sales hit their lowest level in almost 30 years, so it's not unusual to see a property sitting on the market for many months.