Turnkey rental properties are single family and multifamily houses that are sold to rental property investors in "turnkey" condition with tenants in place.
Turnkey rental property investors are typically looking for a hands-off way to invest in the rental property asset class without needing to handle the core components of rental property investing:
Many turnkey rental property investors are out-of-state investors living in real estate markets that are not attractive for rental property investing.
Turnkey rental property investors look at several metrics when assessing investment opportunities. Here are the most important metrics: