Out of state turnkeys

[Srini Ramkumar]

I am starting to read up on real estate investment and quickly realized that investing close to where I stay(California) is not possible as 1% rule does not really apply here. So I have been reading up on out of state investments and turnkey comes up as a good way to achieve this. But the convenience of turnkeys sounds too good to be true - they buy rehab, find tenant and maintain the property. I wanted to get some information on turnkey investment and what are the things to watch out for. Are there any bad experiences out there and ways to overcome it?