Investing in turnkey properties - Pros and Cons

[Harsh Patel]

Hi Everyone, 

I have come across a few turnkey properties out of state (under $100K) that I'm considering investing into. Before I buy, the properties will be appraised so that I know whether they are above market (and by how much). Since these are turnkey, I don't expect them to be offered at any big discounts, but the fact that I'm a new investor (these will be my first purchase), I'm willing to accept that in return of not having to worry about doing any work on these properties since they are on the other end of the country (from where I'm located currently). Plus, these would still generate positive cashflow at their current listing prices.

I wanted to get some opinions on turnkey properties, any other pros or cons.  

Thanks.