First deal - bigger rehab or more turnkey?

[Madison Heck]

My business partner and I are looking to complete our first deal in Ithaca, NY. We have about $50k in capital to spend and any costs that surpass that we would look for a hard money loan.

The properties that we are seeing fall into two categories generally - fixer uppers that are priced at around 70-100k and more turnkey properties that are priced in the low to mid 200k region.

We want to follow the BRRRR strategy, which would most likely push us to the larger rehab properties, but are not sure if a large rehab is the right move for two beginners in the real estate investment game.

What are your thoughts?