@Brian Foster The thing people from outside TX (except Alaska) have to worry about is the higher property taxes that make up for the lack of state income tax.

Tenants are paying all of the utilities except for water which is $1,920/year and the annually tax on this property is $12,500 which was included in the owners expense.I don't believe I should cut my net amount in half.

Was wondering what other features investors currently look for in turnkey investments except for the standard returns? 

Ask for an exception or talk to another lender. 

Just looking at say Massachusetts where Im originally from where they use a 2 page "contract" which is really just a letter of intent...then they have a lawyer draw up the real purchase and sale agreement, to here in the DC area where our contracts are 50-100 pages long and it is the agents who handle everything with the contracts and no lawyers involved except the title attorney, who really acts as an insurance salesman and not an attorney.I remember reading on these forums that there was some place where the tenants provide their own appliances.....I couldnt even fathom that.

All the appliances are mine except for the tenants washer/dryer in the basement.  

House-hacking is absolutely correct, except that I am married, and have had tremendous difficulty selling that to the lady.For now, we're starting to do flips on the SFR side, and I partition some of the winnings into the buy-and-hold portfolio.

@Marcus Durant,Come prepared to WRITE an offer, or have as much as you can filled in EXCEPT the offer price.

Maybe you are exceptionally good at managing rentals in rough areas so you cashflow  more than others.

Any new hires are to be hired in India unless there is a specific exception identified by the CFO (this is a large, public company).