Advantages of purchasing Fixer-upper STR

[Shannon Vistisen]

What are the advantages of purchasing a property that needs some extra love put into it vs purchasing a turn-key STR property?

Are there any advantages if you don’t plan on selling it but renting it out and using it as a vacation home? Other than the lower cost.

But if you buy turnkey, then you can start renting it right away. Although it’s probably at its top dollar, you would have to weigh the cost in repairs vs the profit you can make by renting it out ASAP.