Is there benefit to buying turn-key property?

[Donna Salmiery]

I am a newbie and am wondering if there is any money to be made in buying a property that is in excellent condition and renting it? I keep hearing that the money is made in the buying, and the properties I have in mind are beautiful new town homes that are pretty inexpensive, but wouldn't have the equity that a fixer-upper would have after rehab. There is a new factory coming to the town that I am looking at and it is supposed to bring a lot of new jobs to the area.