Turnkey Rentals - as a starter

[Ahsan Irshad]

I'm trying to start my journey on financial independence. I want to start of with buying a small property and try to work my way through that. I see these "Turnkey" rentals offering significantly high returns and the more I read about it - more confused I get. Anyone here who has started off with a Turnkey Rental Model and can share their experience? Of if you can refer me to information/links/sources that would help me make a better decision! Thanks for the help in advance...

[Jeff Schechter]

@Ahsan Irshad  True TurnKey, where everything is done for you, can be a great way to get started.  But, it is not for everyone.  I do agree that you should become knowledgable in the space, but I don't agree with a blanket statement like what @Patrick Soukup says that you should never do it.  TK is great if you are busy, don't have the time to do all of the things required to force appreciation, don't live in an area where you can get good returns, etc. 

First, it would be better to truly define what you mean by "Buying a small property, and working your way though that."  ie - are you wanting to flip it, or buy/hold it for best long-term cash flow?  Once you know exactly what you want to do, it becomes easier to find the right players to help you.