I checked with the neighbors and their houses are at 4.2 above BFE.

So to answer your question, check the DOM in your area , if condo DOM is less than 5 days then it's good especially if SF DOM is less than 5 days too. 

As a section 8 landlord are we allowed to check the property once a month for issues?

You should have a blog on your website that has a signup popup.Feed those signups into a Constant Contact, Mailchimp, etc CRM and send out a weekly/monthly eNewsletter of your blogposts.You'd also manually enter any targets into that CRM.You can check out how we've done it:)

Check what services they really offer under "turnkey."

i think it is very difficult to live off of the 'cash flow' from long term rentals, and it takes either a handful of quality, paid off properties or 10-25 leveraged properties depending on your market.making back your down payment in 2.5 years is actually really good - which makes me skeptical of that deal =) you can post the numbers here if you want.finally - check this thread out. 

A $25 rent increase next year seems reasonable, but be sure to check market rates in your area to be sure it's a competitive price.

I was thinking of doing all the checks using my smart move and then double checking with rent spree as it’s free to me in my mls.

You should check your property zoning.

Check comps to see if they have new roofs, a/c etc. if a comp is selling for $300 without those things, yours is worth more.