Do you buy fixer upper or already done for a rental?

[Heather Rodden]

Typically do you buy fixer uppers, or houses that are done and ready to rent? I can find nIce 2-3 bedroom houses in my area for around $50-70K. I can find foreclosures for various prices. For example I found one for $35K, but it needs a new roof $6K and has to have mold removal, and remediation. Which I got a quote for and is $8500-9000. So in my eyes, buying something done and pretty much move in ready is the way to go. Since I’ll be immediately making money as soon as it is rented (usually less than 30 days). Do you have any other opinions or advise? The forcloser is listed, so it is probably more expensive than hitting the initial auction at the courthouse.