Turnkey Rental Properties for Sale in Today’s Top Markets

A turnkey rental property is ready for immediate occupancy and available for tenants to rent. It is a fully rehabbed property or a new build, may come with tenants in place, and has property management in place. Investing in turnkey real estate is ideal for busy professionals or investors who want cash flow without the hassle of renovations or property management. Learn more about this investing model in our article Turnkey Real Estate Investing: Your Guide to Hassle-Free Wealth Building.

Turnkey investment properties offer investors immediate cash flow potential from day one, along with professional property management and the ability to diversify across multiple markets. It’s ideal for busy professionals or new investors who want to build long-term wealth without the stress of hands-on renovations or tenant management. Learn more in Turnkey Real Estate Investing: Your Guide to Hassle-Free Wealth Building.

Turnkey property providers are not created equal, and across the industry, there is no standardized definition of what constitutes a turnkey rental property or a turnkey rental company. Some red flags to watch out for are providers who overpromise returns, hide critical details, or fail to meet quality standards. Others may lack third-party inspections, fail to provide transparency about their markets, or have limited experience in property management. Because of this, it’s up to you to thoroughly vet any turnkey real estate company you are considering. Learn how to set yourself up for success and vet providers in Turnkey Real Estate Companies: 8 Red Flags You Need to Know.

The best turnkey companies offer complete transparency, have a proven track record in property management, and possess local market expertise. They should also align with investor goals (such as cash flow, appreciation, or a combination of both) and provide ongoing support, rather than just a one-time sale. RealWealth partners only with vetted property teams that meet our REAL Income Property™ Standards, and RealWealth Investment Counselors provide ongoing support to all our members.

Both strategies build wealth through real estate, but they are suited to different types of investors. Turnkey real estate investing offers ready-to-go properties that generate predictable cash flow with minimal effort, making it an ideal investment option for passive investors. The BRRRR strategy—Buy, Rehab, Rent, Refinance, Repeat—requires more hands-on involvement, greater risk, and potentially higher returns. Learn more in our article How to do a BRRRR Strategy in Real Estate.

Begin by identifying your financial goals, target markets, and level of comfort with risk. Then, work with a turnkey real estate company like RealWealth that connects you with vetted property providers selling off-market turnkey rental properties in the nation’s top markets. It’s 100% free to join, and you’ll receive access to education webinars, property team connections, and ongoing support from an experienced investment counselor. Explore the various types of turnkey rental properties available for sale.

While you can buy a turnkey real estate on your own, we highly recommend joining a real estate investment club like RealWealth (membership is free). Working with a trusted company and provider will save you time and money.

For over 20 years, we’ve been helping people build wealth through real estate, and as investors ourselves, we have experienced the ups and downs of the housing market. With our resources, you can connect with vetted, turnkey property teams in top U.S. markets, as well as other industry resources, including lenders, lawyers, and asset protection specialists.

As a member, you’ll have access to property pro formas, local market insights, and a dedicated Investment Counselor to help you evaluate markets and deals. Once you have chosen a property, review the pro forma, verify the management, and finalize the closing. Your local team then handles operations—so you earn hands-off, passive income from day one.

As a leader in the industry, our members tell us that our free education and resources, direct connections to vetted turnkey property teams, and ongoing support from pros have helped them successfully invest in passive turnkey real estate. Hear directly from RealWealth members who are achieving financial freedom through turnkey investing and real estate syndications.

At RealWealth, we don’t just provide access to turnkey providers; we also offer personalized support from experienced investors. This support is designed to help our members succeed at every step of their investment journey. Join us for free at RealWealth.com and start learning and investing with confidence.

Yes, as a member, you’ll have full access to sample turnkey rental property pro formas that show projected cash flow, ROI, and other key metrics. While you can connect with a property team at any time after joining, we highly recommend scheduling a strategy session with your investment counselor to help tailor your investment strategy to your goals, whether focused on cash flow, appreciation, or a hybrid market approach. Once you connect with one of our vetted property teams, they will send you current inventory—including available turnkey rentals with full pro formas—so you can evaluate potential returns before investing. You can also use analysis software like DealCheck to run your own projections.

The 1% rule helps investors quickly estimate if a potential rental property will generate positive cash flow. This calculation says that the monthly rent should equal at least 1% of the property’s total purchase price, including renovation costs. The 2% rule sets a higher benchmark—2% of the purchase price—but is rare in today’s market. These rules are helpful screening tools, not absolute indicators of performance. Learn more and see examples in “What are the 1% and 2% Rules in Real Estate Investing?”

Yes! Investing out of state can unlock more substantial cash flow, faster growth, and geographic diversification, mainly when you invest in more landlord-friendly, affordable markets. Success hinges on choosing the right market, building a reliable local team, conducting thorough due diligence, and managing remotely with professional services or working with a company like RealWealth that provides direct access to turnkey property teams who sell off-market properties with property management in place. Read our guide to learn more about Out-of-State Real Estate Investing Strategies.

There are several ways to find turnkey rental properties for sale, including the MLS (Multiple Listing Service) and working with real estate investing companies like RealWealth. The method you choose is based on your skill level, investment goals, and the amount of time you have available. Many investors prefer to invest through RealWealth because they have limited time or want to expand their portfolio with low effort. By partnering with us, you can easily connect with vetted property teams that operate in some of the nation’s top-performing metropolitan areas, including Dallas, San Antonio, Indianapolis, Cincinnati, and Birmingham, among others. Each property team offers professionally renovated homes or new build properties with property management in place, making it easy to invest remotely.

When you join RealWealth, you’ll gain access to a vetted network of industry pros like asset protection specialists, lenders, 1031 exchange facilitators, and more, who understand real estate investing and investors. Members can connect directly with these experts to build customized strategies for protecting their rental property portfolios.

Pros: Turnkey investing offers immediate cash flow, since they’re renovated, tenant-ready, and often already have property management in place. That saves you time, stress, and the hassle of renovation and leasing, as well as the day-to-day headaches that come with being a landlord. This makes it an ideal investing strategy for those wanting a more passive income stream.

Cons: Turnkey investment properties typically carry higher upfront costs due to the “rent-ready” premium. Depending on the property provider, renovations may sometimes be superficial or inconsistent in quality, and often rely heavily on the property management company’s competence. You can also face challenges with long-distance ownership (laws, inspections, local oversight). Not all turnkey companies and markets are equal; it’s critical to partner with a reputable turnkey provider and conduct thorough due diligence.

Learn more in Turnkey Real Estate Investing: Your Guide to Hassle-Free Wealth Building.

Section 8 properties are rental homes that accept tenants using government housing vouchers through the U.S. Department of Housing and Urban Development (HUD). Investors receive consistent rent payments directly from local housing authorities, which can provide stability even in changing markets. However, these properties often come with stricter inspections, more paperwork, and longer timelines for tenant placement. Learn more about evaluating rental property strategies in Section 8 Properties for Sale & Why Buy Now, and see if it is right for you.

A variety of professional analysis software is available for real estate investors. We recommend DealCheck, which has a free and paid version. All of our pro formas are created in DealCheck, and RealWealth members receive an exclusive discount on the paid version. Analysis tools like these can be invaluable for understanding the viability of a property. To get more accurate rental prices, we recommend RentCast. These resources make it easier to evaluate returns, compare markets, and make data-driven decisions before making a purchase.

To find rental properties in states with favorable landlord laws, first review RealWealth’s guide on Landlord-Friendly States. Markets like Texas, Florida, Alabama, Georgia, Indiana, Arizona, and North Carolina typically have faster eviction processes, no or limited rent control, and fewer regulatory hurdles for property owners. These locations are commonly included in RealWealth’s vetted turnkey investment opportunities, making them good places to start when looking for landlord-friendly turnkey rental properties.

The cities that tend to offer the best return on investment (ROI) for rental properties combine strong job growth, affordable home prices, and rising rents. RealWealth’s heavily researched markets, including Dallas, San Antonio, Birmingham, Chattanooga, Cleveland, and Indianapolis, consistently rank as top performers. These metros often feature favorable landlord laws and solid rent-to-price ratios, making them ideal for investors looking for cash flow and appreciation. Explore detailed market data and vetted turnkey opportunities in the article Best Places to Buy Rental Property.

Getting started is simple. Join RealWealth for free to access vetted turnkey teams, investment counselors, investor education, and sample property pro formas. Your RealWealth Investment Counselor can help tailor your investing strategy, connect you with trusted teams, and guide you through your purchase—so you can confidently grow your real estate portfolio and build long-term wealth.