Buy & Hold Rental - to BRRR or not?

[Johnny Lasek]

Hi all,

Hoping I’ve got my lingo right here. So I’m a current home owner that is looking to buy my first MFH to live in and keep as a rental in the other units. 

When it comes to buying properties to keep for the long-term cash flow as a rental, is it more wise to buy rehabable properties to do BRRR, or find an almost turnkey property and try to buy at quite below market value? If it helps- my goal is to buy 5-10 rentals in the next 5-10 years (well, that would be limiting myself and the sky is the limit, but with other life events let's just stick to that number). What method would be the best to keep the cash flowing and keep my capital churning to achieve this goal?