This gave me time to get the house super clean and rekeyed before handing over the key to the new tenant. 

I actually have two south side chicago properties right in that pocket of Greater Grand Crossing.The key here, more than anywhere else, is proper tenant screening and property management. 

I think the important takeaway is that you need to know what's going on in your local market.

If the price was right on Turn-key maybe, but probably more of the fixer-upper that can be leveraged later on for additional property or sold for a nice profit. 

All 3 duplexes were turn key?

Getting the system/team in place will be key once you start to scale with STR in your market.

My father in law holds the keys, and is the emergency contact (required by the city...don't worry, they never call).  

•Building a strong team is key, especially for out-of-state investors.

I recommend you include some of your key qualification criteria in the advertisement.

Before making a decision, here are a few key things to consider:1.