Turn Key Lessons Learned

[Sandra Roddy]

For those folks who have gone the turn key route, what were the determining factors that guided you to a particular market? Also, were there any lessons learned that you would like to share with a semi-novice investor?

Currently, I find myself looking to expand my small portfolio. All of my properties are single family homes, located within locations I have resided in, and all were built within the past few decades. Yet due to appreciation, it is time to start looking elsewhere and this can be a scary thought at times.

My research has lead me to locations that are far away from my stomping grounds. At the top of my criteria: reasonable ROI, expected appreciation and economic growth. Additionally, I prefer newer development (1990 and newer). So far, I have considered Dallas, Oklahoma City and Indianapolis.

To those brave souls, who have gone the turn key route, how was the experience? Any advice would be greatly appreciated!