Or is it better to just send out a plumber if there is water issues, electrician for electrical issues etc....    

Also, it is very important that a turnkey provider has a standard renovation approach focused on capex items that commonly lead to deferred maintenance costs (roof, hvac, plumbing, electrical).

Things like who pays for water, electric, gas and etc are properly accounted for in writing in the lease.

Connecting the dots, he saw that many of the signs needed electricity and figured he’d be worth more if he was an electrician.

Something to keep in mind with STR, that's tied to why REI is a smart game to play - control is the name of the game.You want to control the guests and rates (vet them in hopes of avoiding property damage, set rates to attract those willing to pay more for quality)You want to control the costs (furnishings, consumables, cleaning/repair/plumbing/electrical)You want to control the property (choice of property, location, financing terms, well or city water, septic or city sewer, etc)This is all going to be very hard to do, if not impossible, if you don't OWN THE PROPERTY. 

I'm no expert, but I do believe the egresses are fine, electrical appears fine as well. 

If they have carpet that's probably done and if they haven't bugged you to replace it I'd consider that a win.I was a renter at a place for a long time, it wasn't that nice but it was cheap.

On Craigslist I saw lots of "Fash Cash", "Quick Sale for cash", "We bug houses" type of ads, has anyone done such a transaction?

If you plan to hold, having new plumbing, electrical, tile, cabinets, etc will be nice as well. 

The home ARV is probably close to $250 and the tax assumption is there as well or higher (this was never appealed) I assume the home was worth something in the ballpark of $180 needing a kitchen/bathroom and lots of updating of plumbing and possibly some electrical too.