out of state turnkey or find your own

[Jared Smith]

Still trying to figure out if these turnkey companies are truly worth it.  One company claims to be turnkey then they give an estimate of how much work the home needs in repairs. 

 Yes, I understand they are doing the research and finding the property, property mgr, etc. But the fees they charge are crazy leaving zero room for equity down the road.  

Is there something I'm missing ? Or are they preying on investors that don't know what they are doing.  

Thanks for the responses