What about the appreciation of so called turn-key properties compared to the properties with the age of 10-20 year? 

Compare your unit to others.  

Happy to share my experience and compare notes.  

Here in Montreal (Canada), every investor I know says it's way too expensive and impossible to cash flow (because rents in Montreal are very low compared to everywhere else in the country and price of income properties are high).

Let me hear your thoughts.I Know I’m Being Successful When...w/Dean Jackson | 624Dean Jackson, an entrepreneur, marketing genius and real estate investor gives his advice on succeeding in the real estate business and life.Goal: To Obtain a Listing Agent LifestyleLifestyle elements: daily joy, abundant time, and financial peace.If you’re not joyful it usually means you are rushed and don’t have time, when you don’t have time it usually means you are overworking because there isn’t enough money.The solution: make more money in a way that takes less time which will in turn bring more joy.How would you look for distressed properties to purchase?

I think @Andrew Boettcher hit on the most important element which is getting estoppel agreements.

I'm still required to put a lot out of pocket for where I live (about $750) but this amount is comparable to renting in Oregon.

Compare that with another property that is not in a flood zone.  

But you should definitely shop around and compare terms and how much you can pull out.

Typically you’d call Airbnb to complain and they will do the leg work finding you a ‘comparable’ place to stay on their dime.