Daniel,If you are an accredited investor (earning over $200K for past 2 years with an expectation to continue so) then you have some other options besides turnkey. 

They must be broken if your key doesn't work....RIGHT.   

This is a skill I would love to learn as I do not expect to use a realtor for each deal. 

That doesn't mean that it hasn't broken since then... just that a licensed person has looked at it.

That said people are raw after an incident like a fire, set expectations on repair timelines being long.

They know my expectations (based on me sending them properties/feedback) and I use their feedback to improve my search.

I was hoping to get some other landlords and property owners opinions on some things below to help me better understand the expectations within the rental market.The general thought that I have had while looking for my first property is to invest initially in hardening the property (no carpet, etc).I'll share a few scenarios and would love if any one can shed some light on their opinions:- Property has a bright blue insert bath tub.

Someone paying $1200 a month may expect stone (e.g. granite or marble) but someone paying $600 a month is going to take what ever is there.Note that I haven't even touched on styles.

For example, the profit split on a ground-up development deal would be much different than what you’d expect to see on a plain-vanilla cash flow play. 

Do you have any other exit strategies if you cannot sell it for what your expecting?