Turnkey providers- good/bad/ugly/confused

[Jackson Long]

Hey guys,

So I just learned about turnkey providers fairly recently and I am fascinated, impressed, and kind of turned off all at once.  I was hoping to get some conversation to help me think through this and maybe decide how I really feel.

Firstly, I am like- whoa that is badass I wanna do that!  

But then I am like- buuut if I am going to find, buy, rehab properties and control a streamlined property management operation...  Why wouldn't I want to own the houses too?

At the same time I keep thinking...  I buy moderately distressed properties and fix them up to be rentals...  I generally don't buy flipped properties because there is a big chunk of value there that I am giving to the flipper.  I want him to be successful- I just don't want to pay for it.  *I* want that success.  I feel that way about property management too, but I know I need to scale out of this (look for posts on THAT subject later).  I also feel like I create value by identifying great properties...  All of those things I am paying the turnkey person to do- so giving away money.

Help me with some more thoughts and/or context so I can properly frame my thoughts please!

Thank you,

J (turnkey folks are welcome to post here too- I want to understand so I can decide)