I've spent 6 months researching TKs and have narrowed it down to Memphis Turnkey and Memphis Invest; both of which have received positive reviews here on BP.  

However, I am a one-man-band currently and bookkeeping became a nightmare.

B and C properties are safer, you can still generate great COC returns without all of the headache and you can spend all of the extra time finding more!

We are primarily looking at B and C class neighborhoods. 

my general high-level thoughts would be to buy for cashflow and see appreciation as just a bonus, and also to focus on B and C-class assets that will tend to have higher occupancy during a recession.

I recommend using Yelp to narrow your search for a local attorney.

As far as narrowing down in the midwest, I'm happy to give insight into Oklahoma.

Tackle all the major, or potential major, issues from the list your inspector/handyman provided.More is more, not less:  If you continue to spend as little as possible, you're putting a band-aid on severed limb. 

Some preliminary numbers we've compiled looks as if we can build them with land, utilities, and finishes for $110-130/sf with lots of variables we are in the process of narrowing down. 

Also, I really like B and C property.