Turnkeys USED to be fairly easy for flipping companies to offer at a price that cashflowed for investors.That was when prices were still recovering from the Great Real Estate Crash of 2008-2010.Now, prices in most areas of the country have set new record highs - and prices have increased faster than rents, making it much harder for a Turnkey Flipper to sell at a price an investor can cashflow.The only way it happens now is with Class C properties or new construction with builder-paid Temporary Mortgage Rate Buydowns.Most newbie investors are clueless about the realities of Class C Properties/Tenants, where the promoted returns are rarely actually met:(Several investors that bought new construction turnkey 3+ years ago have had their mortgage rates adjust upward, significantly increasing their payment, but rental rates have NOT kept pace - leading to negative cashflow:(So, PROCEED WITH CAUTION!

We work with OOS and out-of-country investors looking to buy in the Metro Detroit market.  

Some areas of the country have shifted to a buyers market. 

I also doubt there's any "established" neighborhood in the country where a parcel can be purchased for $10K.

Hi Allan, I use to work for the largest relocation company in the country, ALE Solutions.

We do Self Storage and Country Subdivision Lots. 

Hey there, my girlfriend and I are trying to start house hacking in the south east part of the country.

High homeowners insurance rates are often a warning sign.Chris, with the right local investment team, it makes no difference whether you buy next door or across the country.

I have recently heard and story where after months the countries providing updates but work didn't have much progress.

There are operators all over the country working in this space successfully with the same basic principles.So your caution is fair, and beginners should take it seriously.But the idea that this only works in tiny “no hood” markets doesn’t reflect what I’m seeing on the ground.