Again, this is just a few 10 year hold examples, I’m sure I could find some that did not turn out as well, but as a whole, still profitable.As to the rest, I agree with above that hav8ng a local team is of vital importance when investing out of state or local, but especially out of state.  

When you choose not to step into a tenant's personal relationships and challenges and focus only on what makes for a qualified tenant/enforcing the lease, you're officially running a business. 

That's not true at all, and a few companies do that and give the rest of turnkeys a bad name.

Honestly i'm not being facetious I genuinely don't know, and what do they rent for compared to the rest of the market? 

I told her that’s not okay, and that she needs to either pay for the rest of the months (rest of March and April) or she needs to find a sublet.

We realized when we viewed the property was that one tenant had actually moved out, leaving the perfect opportunity for me to owner occupy the 1BR apartment and continue to rent the rest.

If I have a couple friends help me cold call for deals, do I have to have a business entity and officially hire them? 

Perhaps there will be another wave of the virus in the fall, but if you've got adequate protections and a backup plan in place, like that 12-month lease Roni mentioned, and you get some tenants in place between now and the next semester, barring any other issues that might arise in the normal course of business, you'll ride this wave with the rest of the student rental community and along with all other investors in your region.

Seems STR businesses would be an ideal fit for this sort of assistance.My entire rest of March and April appear to be impacted.

We requested a new estimate and only the percentage rate was corrected, the rest remained the same.