You have to properly vet and perform thorough due diligence (which I didn't do a couple years ago when I first jumped in).

And/or are you willing to take the risk of being sued by the seller for not performing on a legal contract (and losing your earnest money)?

This might help you see the property’s performance in a clearer light.

I assume in the winter months they would perform well, but in the spring/summer/fall (non ski months) how do they perform? 

We invest in mortgage notes (performing and non performing).

The Cape also in my opinion is oversaturated with STR's so it's challenging to find a base number of how your property will perform. 

This is a micro economic condition based on a specific market as not all markets perform the same.

my RE income from my rentals is semi-passive of course... so less active than W2 but more active than dividends or social security.I just dont really see owning rentals as passive to me its active if your going to stay right on top of them and have them perform like you want them to ( this is specfic to owning C class low B class sFRs  Not those who might own 100 unit apartments with professional management those are passive as long as they are working good. . 

(@Jonathan Greene DM us if you'd like to chat about them)Regarding turnkey in Metro Detroit, haven't seen anyone do it the right way:( We've picked up dozens of their clients that fire them due to poor tenant performance and nonstop repairs on their "turnkey" properties. 

The only silver lining is this property performance so bad, that it helps offset the gains from my other 10 homes.