It seems that 5 years ago or so, an investor could buy a turnkey rental and see it appreciate right away = investor felt they got a good deal.Today, prices aren't increasing as fast, or as much, so investors aren't seeing that almost immediate increase in the value of their turnkey purchase = they don't feel like they got a good deal.Throw in that it's taking over 30% longer to find a tenant today versus 2 years ago, and investors are even more nervous about their purchases.So, many investors are chasing higher value for their investments via trying to cut out the turnkey operator fees.

Quote from @Chase Dixon: I am a Real Estate Investor in Salt Lake City, but I am looking to expand outside of Utah.

And you'll probably be chasing rents all the time unless you go with Section 8 tenants.Contrast that with a nice house in a nice neighborhood which is filled with mostly owner occupants. 

Plus his system is built around chasing fsbo's.  

I'm a professional basketball player working in different countries and usually travel all across the current country I am in.

We all know that just offering 'more' or chasing a property can be bad for business, and more importantly, not necessarily improve chances for executed agreement. 

Far too many clients chase tax incentives.

@Chase Cline Good question. 

Remember, no system is perfect, so avoid the temptation of constantly chasing after the next shiny object.

Plus there is so much competition from tons of people trying to get into wholesaling, not to mention the big players already getting the lions share.