Hello Matt,In the institutional investor world the method used to manage turn cost was $ per sqft. 

The biggest benefit to this method is you get to keep your incredibly low primary residence interest rate of probably 4.25%. 

I know that doesn't take into account the finish/quality of the homes, but is that method generally accurate? 

I used that method and have explained it in more detail in other threads or in a book.Moment number two – as a broker, I began doing real estate syndications and raising money.

From a rental perspective, improving the exterior of a property makes it more appealing to higher quality tenants.

So cash flow is key in this situation, and then location and property quality are important factors so you can sustain that cash flow. 

., paying a realtor one month's rent to get a quality renter.Make sure you double check with your realtor about whether you can get $1300 a month for that neighborhood.

I have found uncomfortable to be much more lucrative Pick a listFSBOTax Delinquent NOD ProbateNOOEtc...Pick a method to find themOnlineDrive for dollarsDoor knocking Listsource Referral PPCEtc...Get in touchDirect mail(100s of different type)Email Cold call Door knocking Etc...Best of luck!

@Dennis It's more of a quality of life play. 

Any thoughts and advice on using this method would be great!