Turnkey for First Rental Investment?

[Jeremy Baker]

So, I guess this isn't going to be our first investment since we have a vacation rental property in Maui, but this will be our first buy/ hold / rent property. We've been looking locally here in the Denver metro and quickly found that this is not the best market when it comes to price/ rent ratios.

I've been reading up on some of the forum posts and BP articles about turnkey rental properties. We've got friends/ family in Dallas, Austin, KC and Atlanta so we have already started asking them and their real estate sources to get a feel for those areas. We are real familiar w/ Atlanta since we lived there for 5 yrs before moving to Denver.

So as much as we would like to stay here in Denver, would an out of state turnkey be a wise move for a first investment? The more and more we read up on turnkeys the more we like these options. Thanks in advance for any input and advice!