Buy Turnkey VS Buy and Hold & finding my own property manager

[Jack Smith]

Hi,

I'm looking to invest in Memphis and was wondering what are the pros and cons of buying a property with a Turnkey Company VS just picking any property on the MLS and buy it at retail and hiring my own property management company.

My understanding is turnkey companies sell the properties at retail anyway, sometimes higher than the retail price.

What are your thoughts?

Thanks for any input!