It's easy to obtain, costs very little, and doesn't require additional, on-going effort to maintain.

@Michael Bryant it depends on the part of the economic cycle we are in.Prior to the housing crash in 2008-2010, national lenders were popping up everywhere and were aggressive with their lending programs, offering products and rates local banks couldn't/wouldn't.These players disappeared after the crash, so small local banks became the only option.Since about 2014 or so, they've started popping up again.With the ongoing softening of the economy, many of these national players are bound to disappear again, leaving smalll local banks as the only option again.Since you're interest in Detroit, keep reading below:We think the Midwest is a GREAT place for OOS investors to consider!

As well as the ongoing maintenance, upkeep, etc that makes owning a home a much larger investment than the purchase price.But is there any data showing which of the above are the best for cash flow?

I definitely plan on going to local meet-ups in the future. 

@Rob Hakes, easements such as this have been tested and upheld as an ongoing interest in real property and so eligible for 1031 treatment. 

You can also assume buy and hold in perpetuity, but then you’ll need to determine a terminal value to represent your ongoing cash flow after the last year you’ve modeled.

I live in FL property is in NY.Two ongoing situations:- Dad's (now ex)girlfriend of 4 years (she was abusive/irrational & he was breaking up with her) was listed in his will as able to live at the property for 5 years for $500/month.

I ran the budget for the rehab and all together it still seems like a good value because of the comps in that area.

What I ran into is that for many counties, there is an increase in millage rate, a loss of homeowner exemption, and loss of exemption from school operating taxes. 

As you will soon find, there is no common definition of a turnkey property, and it can be very risky (and expensive) to make any assumptions.The ongoing management of the property is another area of vastly different approaches to turnkey investments.