If you have a good property manager, they will recognize any potential issues with chipping paint and so on and recommend getting it addressed, but I believe that actual lead poisoning is fairly rare.

I like what they call "thru body color"  so when the tile gets chipped it still looks about the same color. 

Chip had the sellers going through Chapter 13 bankruptcy which meant they need to sell the house to cure the debt for the bankruptcy. 

We chip in where we can, I probably spend more time at the projects but i would say the sweat equity is a pretty even 50/50 split. 

Buy & hold blue chip stocks for twenty years.

That time frame, and without knowing how old you are or how financially secure you are without that money (i.e. if you lost it all), I would probably consider some type of blue-chip no-load mutual fund or a non-callable federal issue, both of which can probably get you about 3% or so without a whole lot of risk to principal. 

Some producer somewhere came up with that as their "hook" and now they have to stick to it.One of the ones I do think is a little more realistic is that "Fixer Upper" show with Chip and Joanna Gaines.

Any major repairs, patching, chipping paint?

If it's a pot hole or chip ,,,I"d spread some quick patch in..

Most Turn Keys are viewed as passive income (blue chip stock).