Make arrangements to collect the deposit and first month's rent via electronic methods so your friend is not collecting money for you.   

My understanding was that my duplex would be depreciated via a 27.5-year straight-line method on a half-year convention in which the half year's worth came in the first year regardless of when I bought the property.

Having a quality property manager on our team helped make this a great hands-off investment that fit our family's lifestyle. 

If you buy in the bad part of town, you will have issues attracting quality tenants.

If you could, recommend me a school in that area that you know is quality and reliable.

Even at 500/unit, I'd still be elated just to keep vacancy as close to nil - and I understand, that may not be the best route either because of the quality of tenant - yet, I've narrowed down a couple of Property Mgmt companies in the area that seem to be reputable, and have been the ones that the real estate agents recommended, too.  

My main concern with that is tenant quality.

We tried to minimize risk with renting to high quality military NCO/officer, good property managers, friendly neighbors for eyes on property, maintenance insurance, money in savings, and long term hold for time to gain the equity and have rents rise over time (which haven't actually risen as much as I'd thought).Sorry for the long note, but that is our single family rental  experience as a military member using VA loans from 2002 until now.Cheers!

By the way, semi-turnkey, with this company means you buy the property with cah and basically use the BRRR method, but they have the team, so that's what you're paying for, their team and expertise.

Depends on Age and condition of the property, and quality of tenants.CapEx (10%) Until I have the property inspected to determine the current condition of all major components and appliances.