I'm also not sure that a new high school across the street will translate into better than average appreciation, but if you know that market, I'll trust you on that....

One property did have more severe issues that altered the roof line and waste water plumbing.

Like @Lucas Carl I had VRBO's payment processor alter my payments so I received them right after check-in.

However, in my experience there is a lot more competition for larger properties these days which translates to higher prices and lower returns.That may not be true in your area so I would encourage you to just review as many properties as possible and run the numbers on all of them.

Having “x” does not translate into “y”.  

You need to understand how to translate the screening results and determine if they are qualified3.

So it works for them, it works for us, and it works for you -- that point or two on the back end translates into a point or two that you don't have to pay upfront. 

Those skills/knowledge can translate well into real estate.

When owners of property we manage ask how long will it take to 'turn it over' the question really translates to this:  IF the property is 'rent-ready' (showable), IF we have access, IF it priced according to market, THEN it normally takes 2--3 weeks for a vetted, fully qualified tenant applicant to sign a lease.3. 

I'm translating this as it's highly unlikely in the next 27years I MIGHT own this property it could flood.