Turnkey and Out of State Investing

[Riley F.]

Hi all,

Since everyone was so helpful on my first post, I thought it'd be interesting to hear from folks who do turnkey or out of state investing, or both. For those of you who have done turnkey, a couple of questions :

Turnkey

1) What was your experience like, positive or negative?

2) What turnkey provider did you work with?

3) Would you do it again, or hear you done it again?

4) What were tour biggest hurdles, and what advice do you have for those interested in turnkey investing?

For out of state investors

1) What was your experience like, positive or negative?

2) How did you build your team and purchase your first property?

3) What were tour biggest hurdles, and what advice do you have for those interested in out of state?

4) Where did you invest?

Please just consider the above guidelines, because any insight that you can offer would be very helpful. Those who have not invested in turnkey or out of state, but have informed opinions, feel free to share. I'm sure @Ali Boone and company will have some insights. Not that it hasn't already been said, but I'm curious to hear the discussion around the charges of inflated rent in turnkeys and how endemic this actually is.

Looking forward to seeing everyone's responses! Thanks in advance.