That being said, I have found it is worth taking the risk of them "running the clock" if I am in a pinch and want to efficiently resolve a maintenance request.

Looks low maintenance and pretty bullet proof from the outside.

It has been one of my best as far as callback for maintenance. 

We can make assumptions about price levels, quality of tenants, from there vacancy turnover, maintenance, repairs and expected rent increases.

It's not a hard rule but does put things in perspective.Older unit = maintenance and updating Those taxes are definitely going to reduce cash flow.What is the asking price?

I joined the Meetup group you created.I use 5% vacancy rate ( from what the realtor told me, it is average 8% in Houston, but with good property management, it is 1%), maintenance (5%), cap ex (10%), insurance (1% property value), property management (10%).

Do you do your own maintenance?

Rent: $1,450Mortgage, heloc, tax, insurance: $1,573before maintenance or any reserves etc., I am cash flow negative.

You should experience very little maintenance for the first 3 years on this home, which is an important aspect to Turnkey b/c the first few years should be about banking your cash flow, afterall, you are paying close to retail and with that should come less maintenance cost and hopefully less tenant cost, but the tenant part is for the most part, is a wild card as even the most qualified tenant can lose their job, get divorced, married, transfer, etc.So long as the home has what I have laid out in the post, I would go for it.  

I would also like to know if anyone has found someone to do not only repairs and maintenance but the assistant management, showings and leasings.