Thank you for your detailed feedback.

To me that means the details are taken care of by the turnkey company, otherwise why wouldn't you just put your own team together on the ground there (agent, inspector, contractor, property mgr)???

PM me for contact details. 

Some details are missing from the whole story but based on the numbers that you provided she will be a renter for a long time. 

Example, we had an application that looked good, except for one detail.

@Dave Foster or @Bill Exeter can give more specific details.

The loan, OTOH, has no effect on the taxable gain.I would advise you to sit with an accountant or financial planner and go through the number in detail, with consideration of your other income, and discuss future goals.

This gets a little more complicated, feel free to contact me offline about more details.

That said, here are some details of my first deal:Location: Toledo OHType: Duplex (2/1 @ 2)Purchase Price: $49,000Appraised Value: $62,000Current Gross Rent: $1065Market Rent: $1,2501% Rule: 2.17%COC: 17.37%Financed w/ 25% DownThis is a long-term buy and hold.

If you want to PM me I can share details on my own experience and also put you in contact with a few people that do alternate types of investing for out of state folks such as yourself In the end...I would take the time and money back and invest it in networking and building my own team.