Turnkey Questions

[Mark Senecal]

I am a corporate guy without the time or energy to wholesale, flip, or manage properties.  I have been reading all I could find on BP regarding turnkey properties.  I've been to Turnkey-Reviews and have looked at the websites on many turnkey providers.  In spite of all this I still have many questions.  If anyone can give me feedback on these items it would be greatly appreciated.

• Exit Strategies - What is the end-game?  Is it to payoff the property and have income without mortgage payments?
• What it you want to sell your turnkey?  Is there a market for them?  Will the provider want to buy them back?  What if I don't like having a turnkey property and just want to get out?  Will I end up losing a bunch of money?
• I have heard that you need more than one turnkey property to get more income and diversify your risk.  How many turnkeys?  Is there an ideal number?  Should they all be with the same provider?  Is it better to have turnkeys all in one city or spread among multiple locations?
• Is there an advantage to buying all your turnkeys from the same provider?  Or is it better to to use multiple turnkey providers?
• How much should I keep in reserve for "unforseen" expenses?
• Would it be better to just put my money into a REIT?

Thanks for your input.

Mark Senecal