Turnkeys aren't a flawless strategy, and the people who can devote hours of time in renovation, management and ongoing repairs can make more money than the passive Turnkey investor.A fellow BP poster Dan DiFilippo wrote…It's important to keep in mind the population here on Bigger Pockets.

Screenshots from a recent calc I ran (I continuously run into this issue):I've been looking at houses in the 120-140K range in the area that I live.

i.e. sometimes having to get creative with deals and ongoing purchases?

BUT it can be SO much more financially lucrative and for me rewarding being able to have a happy vacation spot for people to come make memories.Long term as you probably know, doesn’t usually have those upfront or ongoing expenses.

HI everyone one, so the COVID put a hold on my first real investment (I have a property where I live in S FL with tenants but this is the first out of state property)I am looking for any further details on these states - from the research I have done Cleveland and Memphis seem to be good places.Now with that in mind I was debating on going the turnkey route but most people I have spoken to say there is no real equity in those and you are buying at top dollar and you either need to ideally by a wholesale deal cash or work with a realtor but one that also has connections to contractors/builders/property management etc So any advice - the aim is to really be cash flowing every month as I need to increase my income so I am able to spend time with ageing parents. 

I did want to add, that when you're listing a property in the winter, plan on going lower to get it occupied and plan on raising the rent to market level at lease renewal - in the summer. 

When I ran my numbers I took an average then did A wost case Scenario The key right now is being In a driving distance location.

I ran the numbers and looks to be a good deal even with having 10% in Cap-Ex and Repairs per year but the downside is the school rating is only 3/10 and higher crime rate where this location is.Based on the numbers it would be above a 20% ROI which is fairly good but not sure if the schools and crime could be a major part of the factor when investing or end up making a poor decision just being the numbers look good.

I ran the BPinsights rent and they were saying an average $1350. 

If the odor is not properly mitigated that will cause ongoing problems.