As long as you have access to a lot of capital to fund renovations, vacancy, and unexpected items, not to mention can handle the stress,  and trust me--t will be a lot, and it's a lot of stuff no one  (except BP!)

If you want to worry, of course, then by all means you should enjoy yourself; there's certainly no shortage of news items you could pick on which to feel distressed :)

They use a few builders, each with a different model and each have pros and cons.

It currently says: "You promise to keep the premises in a neat and sanitary condition and to immediately reimburse the landlord for any sums necessary to repair any item, fixture, or appurtenance that needed service due to your, or your invitee, misuse or negligence. 

My Background- I do full time job, will have minimum time to manage property/tenants- So looking for minimum or reasonable hassle real estate model- knows minimum or no DIY, so will rely on handy mens for any workAny help will be really appreciated

Of course best to check other units for the same reason just to show it is a company policy to check the units for that item.

One of the items you have at your disposal now (possibly) is being able to use some grant/student loan money to invest. 

The high rehab cost comes from 3 big ticket items.)

My thoughts being that with housing prices inflated at least a (legitimate) turnkey would help cut through the barriers of building a team/finding a prop/renovating/placing tenant, obviously your margins are still being cut into by the nature of how a turnkey organization's business model works, but interested to hear what others think?

Having a checklist of items that should be addressed before a tenant arrives can help make the transition easier and ensure you don't miss an important step.