It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Looking on AirBnB and VRBO, looks like there are some nice listings.

My answer, yes I currently am buying a $165,000 property in Phoenix (not listed on the MLS) using one of my methods to find, using only $5,871 plus closing costs of my money.

My method has always been to call every listing that hit 90 days on market in areas that I want to buy.

Whomever will do her taxes when she does sell, (can be done prior, and should be asap) will have to submit a change of accounting method form .....I've had multiple clients that never took depreciation and when they sold, we had to fix it...doing your own taxes isn't as easy as some tax software companies make it seem 

I am interested in buying a long-term turnkey property in a nice area (I live in San Diego so this property would have to be out of state).

Section 8, nice housing!

Creating an LLC and getting insurance on rental are two methods of "Asset Protection" that most real estate investors use to protect themselves and their assets. 

That creates a really nice price / rent ratio which is favorable for investors looking for cash flow.

Very nice!!