Rather than require monthly income from the property, I trust in appreciation to make it worth all the effort.

Yes, it does have the potential to be a Market Disruptor much in the way Uber was for taxicabs, or Air B-n-B is for the Hotel industry.I like to think BIG but that model right there requires a lot of effort, as to me it seems it turns all of the simplicity of "Storage" into a logistic-centric & employee-heavy operation. 

  $200/RE per month with no appreciation just will not provide the return I require for that level of effort. 

find a buyers agent willing to work for you and not simply looking to maximize dollars/hour effort.

The property is very under water, and he's unable to muster the $ or effort needed to keep it.Will keep posting... 

Originally posted by @Elias Wiscovitch:As I’m researching and starting to figure out how I want to go about in REI, I’ve come across the idea of turnkey investing, which unless I’m wrong is purchasing a home for rental that’s already renovated and ready for cash flow almost immediately.While I will do more research, I’m wondering what are the main downsides to turnkey and why it may not be the best idea, or if it is a good idea, what would be a good place to start in figuring out what to do Hi Elias,Here are some downsides to turnkey.Many companies will sell you crappy properties, in crappy areas for more than they are worth.Then they will pass you on to a 3rd part property manager that will nickel and dime you to death.Also, you will NEVER get a deal and will pay full market value or even above market value in some instances.This isn't necessarily a bad thing as long as the provider has pristine property management in place where you can get a hassle free/mostly passive investment for a long time.Another thing to point out is that it's never going to be completely passive and you will still need to do some work and play your part.Many investors think that they can buy 1 property and retire the next day without having to put in any effort whatsoever.It doesn't work like that and all good things take time.So does investing in turnkey and building a large portfolio.Safety comes in numbers and you should have a growth type mindset when it comes to investing.If you want the best deals with the most margin and the highest cashflow.Spend the time and do it all yourself.Find, buy, rehab, tenant and manage.It's a lot of work but you will also reap the highest reward.Thanks and I wish you much success.

What is your time worth versus the investment and the effort you're putting in. 

I would like to do this full time (in my mind that means semi retired), but each deal takes a lot of effort. 

You will have to make an effort though because a lot of people that choose to use a turn-key provide do so because it is more passive. 

If you are a small investor you should use a small PM firm, a big company will not give a small customer a high level of service, they will put their efforts into their big customers.