Recently, I have successfully turned the lower level into a short term rental unit, while I live in the top half.

How did you decide this area of town would work for you in respect to the hassle level of the tenants?

Usually a part of a multi level RE education sales program.

If chemical levels are off you can actually damage the pool surface and resurfacing a pool can be $3000 and up.

Take it to a bigger scale and look at the city level. 

Need to be selective on product and on micro level location and property management is key to achieving thisFeel free to drop me a pm if I can help

The average rents for comparable properties was $1,368The average sq ft was ~1100Most properties were 2/1's; most did not have a backyardAll properties had to mid-level rehab, some are very high-end and could be considered outliersAnalysis can be found at this spreadsheet. 

Based on that we are definitely wanting to have some level of security.

However, we have also looked at these and a refi cash out as a way to grow our company faster.

Turnkey investing is very dependent on the market the companies are located, level of involvement desired, policies of the companies, pricing, warranties, and whether they have in-house property management.For example, the seasoned turnkey companies realize that their demand is driven by investors looking for a safe, consistent return.