Success with Turnkey properties in NYC?

[Shulammite Ng]

Hi BP members,

I'd like to know if turnkey investing in saturated markets like NY and California is a viable option. I know cash flow is greater in up and coming states in the midwest however there is a certain peace of mind that comes from investing in your own backyard. Has anyone here had success or even failures in this area of investing and is a large amount of capital needed to get started? Thank you, any response is appreciated!