On occasion they can be more lucrative than long term rentals but they require more work such as scheduling cleaning maintenance repairs maintaining a good list of contractors that can work on emergency details like electricians AC plumbers etc.

@Vika Bha I recently wrote an article on this: https://www.biggerpockets.com/blogs/10145/66160-how-to-identify-emerging-markets

If you're still picking a market check out my blog post: https://www.biggerpockets.com/blogs/10145/66160-how-to-identify-emerging-markets

If my cousin was among the other tenants, who would pay his co-pay for his emergency visit at a minimum, or his wrongful death lawsuit at the maximum?

Currently focused on building an emergency account and maxing out my 2018 401k/ira's (when 2018 starts). 

That is why, if you are going to spend the money you want a good property manager, proper screening, preventative maintenance, and 24/7 emergency maintenance  means a lot less headaches for your investments.

I've got $5000 in the bank and those are my reserves for emergency repairs.It is a triplex with 3 single bedroom apartments.

Emergency fund.

Having an emergency fund is key so you're more likely to keep it business rather than stressing out that you are not prepared for a turnover.     

Hi BP,Been looking for some turnkey opportunities outside of the states.Found a company named Emerging Property, it's a London/Dubai based company that targets diffrent markets in the UK.https://www.emergingproperty.co.uk/Seems very professional.The 10 year fixed NET income of 8%-12% sounds kind of weird.If a US Turnkey provider would advertise something like that I'd be surprised.Most offerings are based on leashold (125-250 year terms usually) and not freeholding.