New REI looking to purchase Turnkey Property OOS.. any advice?

[Juan Rivera]

My wife and I are W2 earning employees working in Los Angeles looking to add Rental properties in our portfolio. We are looking in Tennessee and Arkansas (but open for any other markets) and want to use a Turnkey Property company for our first purchase to learn the business.

Any advice on steps to take BEFORE making our initial purchase?

Did you create a legal entity BEFORE you made your first purchase?

Any Turnkey Property companies anyone would recommend?

Thank you all in advance! I’m trying to soak up as much info as I can.. I know some if not all questions have been answered here before on different threads but created this one to hopefully have my questions answered here on one thread..