Turnkey providers in Jacksonville, FL

[Manish A.]

Hello BP Members,

I am wondering if Jacksonville, FL market is that hot then why there is no other large turnkey provider besides JWB there?

I understand they have a reputation and are a trustworthy provider, but their model doesn't work for an investor in the current market conditions considering the following -

1. ARV is too high and selling the property above market #NoEquity
2. Neighborhoods are at most C/D
3. Property Management Fee - 10% #High
4. Low Net Cash Flow - $100 (+/-)

How is it working for others? Am I missing something?

~Manish