Turn Key Rentals (New Construction) Vs. Not New Construction

[Jace Thornton]

Situation: Looking at owner occupying a SFR for one year then moving out. My wife asked me why don't we get a new construction or turnkey home instead of getting one that needs a little bit of work.

Question: I did not have a good answer for that questions so I ask you, What is your experience with this if any?

Goal:  Have at least $150 cash flow when we move out of the house. Regardless if that is in one year or if that is when we PCS to a new duty location. 

Please I welcome any and all opinions and experiences. Thanks. 

[Christopher Goldie]

@Jace Thornton, My response is sweat equity. Buy a discounted property, do a live in fix and flip, increase it's value and sell it for a profit. The first home I bought was this way. The downside however is, do you have the time and money to work on a house with your current lifestyle? It is always considerably more work than what you may think. Also with you being military, what happens if you don't get the house complete before you're shipped off again? It's a great idea and can work, but carefully consider it.