Should I buy a fixer upper or newly renovated house to rent?

[Nicholas Flemion]

Hey everyone! Quick question.

I am looking to purchase my first rental home in the near future and am curious if I should go for a fixer upper or a newly renovated home.

I understand that if I fixed one up it could yield higher cash flow and lifetime profits (theoretically), but I feel like a cheap renovated home (maybe $80-100k) might be a safer first investment as I really don’t know much about flipping a home.

Thoughts? Thanks!