Realtors are professionals and should be in their job for the same reasons doctors help patients.

Be patient. 

I like to think that if you're willing to be patient and do the work, there is money to be made.

For some reason it is just tradition that people get their license and then usually are expected to pick everything everything else up from trial and error, with maybe a bit of guidance if they're fortunate.To me this is like having a doctor pass their boards and then saying to them 'Congrats, you'll figure out how to stitch up a wound and do a pelvic exam once you get your patient." 

@Josh CookYes I did get everything permitted, didn't want any safety issues for my tenants, potential issues with the city, issues with insurance if something happened or issues selling the property down the road. 

turn key is just something that has been coined to mean one stop shopping IE your seller is in the business of finding then renovating and then managing income properties generally SFR's .There is some safety in that for an out of state investor.. as in the turn key company... 

I’ve only used a catch-up once, in a blind-pool development fund where there was a straight profit split but I built in a pref with a catch-up just to give the investors a safety net if the fund under-performs.  

You have to pass basic habitability and safety issues.  

I would not mind having them sign a new lease with me, but with the knowledge of all the safety issues I can’t have them sign the lease with good conscience.

You need to be consistent and patient.