Turnkey vs buying rent ready through a realtor

[James Rader]

Hello BP,

I live in Houston and am looking to buy my first income property.  I'm planning to buy and hold and plan to use a property manager.  I'm military and move regularly so I want a hands off investment.  Naturally, I've been looking at turnkey companies buy have also been thinking of contacting a realtor to find a home that doesn't need a rehab and is ready to rent.  Searching on HAR, I've found a few that are already tenanted.  My thought is that I may be able to capture more equity if I find a deal outside of a turnkey provider.  Thoughts or advice anyone?

More info- I'll be using conventional financing, 20% down.  I'd like to invest ~25K, so a property in the 100k price range.  Thanks in advance.

James