Saw this come up and its terrible to hear these stories.

Saltwater is a terrible, terrible environment for homes.  

So I've gotten myself into a pickle here, although nothing terrible has happened yet (it's just imminent).

Sorry you are having such a terrible problem! 

I'm open to buying any kind of rental at the moment, but leaning towards those that don't need too terribly much work (carpet, paint, flooring, cabinets, etc).I'd love to have this done in about 5 years or sooner if possible.

All goes terrible, and we spend $3k tenting plus the money to house the lower tenants a few days.

@Debbie Lee  Sorry that you are having such a costly terrible experience.  

Also, there are numerous challenges dealing with Turnkey providers:1) Terrible renovation work - we've taken over many properties that investor bought turnkey and they were shocked to learn the true condition of their property from our TakeOver video.

There is no recourse to evict terrible tenants that annoy everyone else in the building.

From Orange County, nearly everything in the Midwest and most parts of the South will look "cheap" to your eyes but the vast majority of these "cheap" properties make terrible investments.