Turnkey, in general, means that the house is in good condition and set up to be a productive long-term rental property to provide cash flow, appreciation, debt reduction, and tax benefits over time. The properties are either newly built or renovated and leased and professionally managed. This allows the investor to purchase out of state, where systems and local teams are already established, and gives them the best chance of success when investing in markets with which they are unfamiliar. This is a great way to learn to strategically invest in real estate outside of your local area: from a team that has done this successfully for many years and has paved the path for you.