That money is the cost of locking in the option to buy.You "could" give them some credit for paying over market rents, but most landlords do not.Many commercial outfits also add an annual maintenance charge to the final purchase price.

But you should easily be able to identify fees from 2 or 3 different title outfits to see if it is common what they are charging. 

A friend of mine works for an outfit like that , his pay is around $ 150,000 to $ 175,000 a year .   

Often times at 10% you don't pay for renewals but just depends on the outfit.  

Full disclosure, I am the CEO of Spartan Invest, a full service turnkey outfit in Birmingham, AL.

@Melissa Callegari I would say the priority for TK is not necessarily the market but the outfit you are getting them from. 

I have never ever heard of a foreclosure outfit taking fee's on contingency... many times with a foreclosure the reason you have one is there is not enough equity left to pay everyone...

Because some mutual funds are hoping you won't know enough to look closely, or will invest with them just because they have a flashy name, even if a lesser known fund has an identical portfolio.All this is to say that looking at shady or misleading TK outfits and saying "look at those jerks, TK is a waste of money" is really throwing the baby out with the bath water.

There are good cash flow properties all over the country, and there are definitely bad TK outfits out there who will put lipstick on a pig, obscure the numbers and leave investors holding the bag.

Justin,,, when it comes to turn key there is no urgency... even Chris C who runs the biggest turnkey outfit in the country will tell you the same thing.. there is always product and turnkey is a cash flow type investment and folks don't buy them for appreciation or expect appreciation generally so to that end the sales prices are pretty flat or level.. its not a situation were if you don't buy tomorrow the 80k turn key next year is going to be 110k.also a shameless plug for Brie's turnkey-reviews.com site.. this will help you get a feel there are 40 plus turn key companies listed all over the US you can get a real good feel of location cities and product in 30 to 45 minutes on the site then you can hone in from there.Good luck... make sure you buy quality and remember that most of us that are pretty knoledgable in the space would not recommend 30 to 40k all in properties for an out of area investor..