I'm rehabbing a retail flip at the same time I'm renovating a two unit rental property.  

At our company we like our clients to be involved as much as they want to be with the expectation of trust in our expertise for certain operational factors.Also, if the turnkey company has well-established policies in place for leasing, resident on-boarding, standardization of renovation approach (replacing capex items first and foremost), and property management, then they could be a good option for investors.Also, look to see if they have warranties in place to cover the renovations they have completed on the property.

Keep in mind, it is seasonal, short term and you will most likely have to require parents signature and a larger deposit to back up these tenants. 

I have heard of real estate going down in many areas and see it as an opportunity to purchase property at a larger scale.

It is time for a renovation and get a lot more rent.

While we don't have an acquisitions department or rehab department, we help our clients build teams to acquire, rehab/renovate, lease, and manage their properties.

I was even thinking of possibly working with others on a larger scale.  

Comfort of a larger pool?

@John Cassel  I think those two things you mentioned (the exterior painting and bathroom renovations) will have a big impact on the appearance of the property. 

I heard on a podcast a while back about having contractors come by at the same time to have them quote on a renovation project.