Managing the manager is definitely not a 100% passive thing, and if you can trade those 10 houses for 10 apartments then you only need to have one conversation with your PM, review one set of books, do one tax return, etc.

@Alison MolinoOne of the biggest reason for turnkeys is it doesn't require much time and skills. 

Just making myself feel more confident in my rejection skills!  

I say that you have to relatively accurately assess repair costs because two people who fix and flip the same property are going to both estimate differently and incur different expenses based on what they do and what their skills are. 

@Logan MerrickYou should offer on or buy anything you possess the skills and team to fix and make profitable.

I had a background in the trades/construction but to be honest, my background wasn't a ton of help when it comes to Philly L&I and the subs you have to deal with.

You should absolutely be taking action now, doing anything you can to hone your skills while you wait to make your next move. 

You also need to be easy to work with and not try to re-trade the deal after inspections for small items.Lenders are looking for experienced and qualified borrowers.

But the special rules treat short-term rentals averaging 7 days or less as a trade or business similar to that of a hotel or motel, with the income and expenses reported on Schedule C, and the profits are subject to both income tax and self-employment tax.Rented for an Average of 8 to 30 Days: Even rentals for longer than 7 days are treated as a trade or business when substantial personal services are provided to the short-term tenant.

Seems like you learned the trade and have carried it on, and expanded on what she started :-)