Turnkey Properties

[Kwame Searcy]

Hello everyone,

Are turnkey properties just homes that don't require any work to be done to them? What are the cons of buying a home that doesn't need work as a rental?

Also, I've seen a lot of properties for sale with tenants already in the, I'm a little skeptical as to why someone would want to sell a cash flowing property. So what are some pros and cons to buying a home with a tenant already there? I get this feeling people are trying to dump a negative flowing property or a bad tenant.