The bottom line is if you want somebody to put something into a nice little box with a bow on it you will pay through the nose for it.Just like information you can dig yourself or pay someone for the info already packaged.So it's 300 then 276 and then take away a normal vacancy turn rate for a good area and you are closer to 200 a month if everything is perfect.It's a marginal deal at best but for investors who want turn key it's what you will get.I understand investors not investing in their own back yard if it is not a cash flow area and is appreciation driven with high price points.Every investor has a different threshold that constitutes a deal to them so what is a great return is subjective.So from what I have seen turn key people are selling legit marginal deals or they are over inflating properties.I have not seen turn key sell smoking deals.Many investors are not flipping anymore because of the long hold times with FHA seasoning.Instead they sell these turn key properties with alternative financing.The churn rate and number of properties that can be sold is much greater to investors than home buyers.

Account ClosedIf I had to name it I would say that your PM is churning your account. 

That money will either be blown living paycheck to paycheck plus some on living like a king after they are no longer popular.With the exception of people with a true talent such as Joe Rogan who can probably last decades earning as he goes.They don't really know what to do with it to turn it into generational wealth, most other people don't know this either.And if they use financial advisors, it's not 1986 anymore, but the same old lines produce the same old results.They just don't know what to do with it to make it really work for them--like many in here do.So they are just churning it from one to the other to pay taxes on it at every churn. 

The investor doesn't care they just churn and burn more new agents ( suckers ) again.There are buyers in both commercial and residential that view brokers/agents as a necessary evil.

Why wouldn't a contractor want the same thing.Here's the problem -- most business owners who aren't business savvy don't think much about "customer acquisition costs" and "churn costs." 

You might have a repurchase guarantee, but what goes on is that there is another investor willing to roll the dice, if these were in the securities market we'd call it churning accounts, an illegal matter and when a brokerage relies on other investors you enter the Ponzi scheme realm.

@Chris Purcell Freddie and Fannie still exist and are churning out their guarantees.

All flights have essentially been free(Some even first class) paid for with miles by churning credit cards.But I know your point, and have other focuses like our Amazon FBA business that will bring in cashflow besides the real estate.

Property value appreciation potential is far more important than Day 1 cash flow for long-term success (if a property has massive appreciation potential you will as a byproduct experience massive rent appreciation, which will inevitably churn out that massive cash flow you so desperately seek).

My credit score is hovering around 750, most in part to churning a year or so ago.