Pros and cons of turnkey first investment?

[Dean Bogan]

I have been researching all of the ways to get into that first investment.  I feel that the turnkey option is the least laborious to get my feet wet.  I have an extensive construction management background, so doing a rehab is not going to be a problem.  My problem may be funding.  My credit is good, but I may lack cash on hand.  I have cash on hand but I'm not sure if its enough for a lender to feel comfortable.  I do not want to say how much I have, but what would any of you think is the least amount someone should start with?  How much have you personally started with?  Is turnkey a good first investment?  is turnkey not a good investment?  Why is it not a good first investment?

I have formulated my own ideas of pros and cons and I want to see if they are on par with people who are already established to weigh how much I have learned.  Thank you all, in advance, for your input!