Seeking advice on using Turnkey Providers

[Alex Escorcia Jr]

I am new to real estate investing and have been exploring my options. I live in Southern California and am having difficulty finding single family properties that produce returns comparable to markets in other states. I have been looking at properties provided by Turnkey Providers in markets outside of California. Does anyone have any advice or experience with these types of companies? The Providers I'm working with have done thorough renovations on all their properties (new pluming and electrical, new roof, new appliances, modernized interior, etc) and advertise them with pro forma's anticipating returns of 12%-13%. Most of them will also manage the property. I know there are more profitable investments out there, but this seems to be a solid deal to me. Any input would be greatly appreciated!