Is turnkey investment good idea ?

[David Esteban]

Hello,

I need some recommendation if a turnkey options is the best idea.

At the moment I live overseas working for a major airline.

I want to invest in rental properties and this turnkey option came across my research.

I have been talking to this big group that offer this option,

Please I need if possible a feedback wether this is a good deal and if you would take it.

It's a SFH 3/2 located north of the Tampa area ( holiday)

Their asking price is 125K which is about 6% over the market value.

What they offer I really like because gives me peace of mind being far away from the property.

They offer is the following:

2 year rental guarantee

1 year appliances guarantee

2 year PM cost covered

The rent at the moment is 900/month

Taxes are 65/month

Of course I need to add extra expenses such as insurance, water n sewer, lawn maint, etc

My plan is to finance it with an investment mortgage with 20% down.

Do you think is a good deal ?

Should I research for more options?

Is it a good idea to finance it with a traditional mortgage or are there any other ways to do it ?

I really appreciate any comments on this

Thank you