Turnkey due diligence

[Jay Zoo]

Hello, this is yet another newbie turnkey rant! 

After reading many posts on this forum,talking to several "recommended" turnkey providers, and researching the typical linear markets that turnkeys operate in, I am still not sure how to weigh these different criterias to make an informed decision. 

So about market due diligence... I am willing to put some effort and I have already invested hours into market research. I gathered the recommended criterias like job growth, population trends, housing prices, diversity in industry, and etc. So how do you interpret this data? 

And in a typical turnkey markets, like Memphis and Indianapolis, Is high saturation of these mega turnkeys a bad sign in the long term?? I also heard of these "hot" rentals for a several years now 

[Jay Hinrichs]

a lot of what makes a successful venture into the rental business is PM long term.

this is critical.. most markets are interchangeable frankly when it comes to cash flow.

although I really like some of the little niche markets in Indy right now.

you can buy cash flow turn key home and on the same block you will find 3 pop top rehabs going and a few infill new constructions... this is in my mind were you want to be.. you have an exit when homes on the block your buying a 100k turn key home for are being remolded and selling for 250 to 350k.. that I like personally.  I have funded a ton of them.