Rentals or fixers

[Stephen Anderson]

My wife and I moved to southwest Florida and have 150k to invest. We are trying to deciding between rentals or fix/flip properties. We both enjoyed rehabbing our own homes and can see the upside of fix and flip. One trend we're noticing is banks holding on to foreclosures due the increasing home values here so finding deals is a bit tougher than even a year ago.For that reason we are thinking of buying homes/condos to keep as rental units and use the income that rental properties provide to acquire more properties.

We'd appreciate any relevant input you can provide