If you're comparing turn key investing to buy-fix-and-hold then you *might* be able to acquire a property with a lower cost basis, but you take on more risk, and longer timelines in the hope of getting a lower price.

Against the most pros advice, I am out of state but very well researched and covering PM basis.

I have actually been personally purchasing hundreds of SFR properties nationwide from hedge funds and servicers on a monthly basis over the past 9 months or so.

Right now I am working the Probate niche as to I have created a system to generate probate leads EVERYDAY.

The town home rents on a positive cash flow basis with the tenant paying down substantial principal in the $700 per month range while it's rented.

I get emails every day about it.

I usually listen to the podcasts on my way in to and home from work everyday.

Even the people in the county court know this man on a first name basis.

Those costs go to your basis.

I might also open up a restaurant/store and probably eat there every day.