they look great on paper or an idea board, just not sure how they go together in the real world.

If they are on board, have at it.

Bottom line, don't look for the quick and easy way to estimate your rehab expenses unless you're going to build in a big cushion for what you're going to miss by taking a shortcut.

Most of these homes are very poor locations and very poor condition.You need to hire someone to go out, access the property (drill out locks, install new locks, and install lock box with keys,) clear the property (many of these properties have squatters living in them,) secure the property (lock windows, fix broken/unsecured points of entry,) evaluate the home, build a rehab budget, and send over pictures and/or video.There are several GC's and home inspectors who are offering these services for the MI/OP clients.

Brian, I'm in Fort Lauderdale, however I've also looked in the Keys and am familiar with the Miami market. 

I get a lot of questions about what turn-key actually is and what are the pros and cons to go with it? 

While leaving your representative mentioned there is no issues with house and its absolutely fine so we gave the keys to her.

We manage most of our units on the northwest side, but there's great neighborhoods across the board. 

My preference is duplex to quads but I guess I could be open to turn key.

I would also run the addresses through the enforcement database and ensure that there is no pending demo order or some other insidious board of health issue.