Turnkey vs OOS Rehab

[Zack P.]

Hey Everyone!

I'm definitely a noob on BP, but have been a landlord for about 5 years.  I'm looking to expand my rental portfolio and wanted to get your thoughts.  

I've talked with several turnkey companies, but my concern so far is that there exists no equity to start, so essentially the finished product is AT or sometimes even ABOVE market price.  I may still go this route, but has anyone done out-of-state buy, rehab, and rent it out?  (instant equity!!!)

If so, how was your experience, is there a company who will help with the whole process?  Or is only way to do this flying out to location, interviewing tons of people, and building a team/network?  

I'm looking in Memphis, KC, Indianapolis, Atlanta, Birmingham, Dallas, Chicago.  But really anywhere is fine as long as the math works. 

thanks in advance

~Zack