Or would you not try to do this deal at all and wait to build up the cash position to fund the down payment, which could take 2-3 years?

As Jaycee mentioned, it helps to narrow your focus.

I just refurnished much or it and got new pictures, and the activity has been good thus far.A 2/2 beach side in Destin/FWB, income will depend on view of the unit, and the things mentioned above.

.:  For example any water leak, of the contractor charges me $250, out of that $60 tenant pays.As everyone else has mentioned, charging a fee is stupid. 

With my current goal being focused more on cash flow, I’m wondering if pursuing turnkey means I’d have to wait many years to see any significant returns.

Maybe I'll wait awhile and see if rates come down some. 

As mentioned above, they do have systems and reporting programs that make the report easier for you to understand.

You did mentioned you do not have active income so the other option would be doing a cash out refinance to get money out using a Debt Service Rental Ratio loan.

As someone who lives in Dallas proper, and gets good natured annoyed when some one who lives in Plano says they live in "Dallas" they places you mentioned would make folks who live in Prosper blush (40 miles from Dallas) blush.

It is SO hard to say this from a zip code as the person above has mentioned.