@Albert Hepp I see that you have been offering flat fees for years and that is your business model to undercut market rates.

The best and most appropriate way to get a value, in my opinion, would be to use a discounted cash flow model.  

@Scott Suryan we've review REI Nation's processes and met Chris - if we ever did turnkey, we'd model it after their systems!

A furnished LTR model sounds more appropriate for students as there shouldn't be much movement outside of summer months.

Since the assumable financing and seller carry combined could put a strain on your monthly expenses, it’s important to model different scenarios for vacancy, maintenance, and management costs.

The contract must contain:the contractor’s name, address and telephone numberthe approximate start and completion date, including any contingencies that would change the completion datea description of the work to be performed and the materials to be provided to the consumer, including make; model number or any other identifying information; and the agreed-upon price for the work and materialsa notice advising you that you have three business days to cancel the contract, unless during an emergency you waive the right in writinga notice that all payments received by the contractor prior to completion of the contract work must be deposited in an escrow account

In the UK for example we have a simple LTR model, which works well and is very hands off.

I would appreciate tips from anyone who has experience making this model work in these areas or similar markets.Looking forward to your advice and recommendations!

Can smaller projects adopt the above model?

I suspect without money and active participation as LP, you cannot legally do what you suggest.Have you seen the underwriting?