Turnkey properties Out Of State
After a few weeks of browsing the site and reading the forums almost daily, it's time to get my feet wet and start asking some questions. I live in San Diego and my market is kind of tight for investment properties. While I am actively search for deals and start networking here, I don't want to limit myself to only San Diego. I see some people talk about turnkey properties, and there's a marketplace on BP for them; but with those 12%-19% ROI's, why aren't more people interested in them? I understand that not everyone may have the cash/resources to put those down payments of 20%-25%, and not everyone wants to invest in an unfamiliar area/market; but for everyone else, why aren't they getting scooped up?