If you had to choose

[Anita Moore-Bohannon]

Good morning, everyone. I am a newbie investor and would love to understand how other investors would think through the scenario below: .If you had to choose between investing in a turnkey rental property estimated to produce over $300 monthly cash flow, and 16% cash on cash return, OR bidding on city owned properties that provide the potential for attaining two properties for the price of the one turnkey, which route would you go if you had to choose. Please help me out by not saying you would do both. And, also explaining your logic would help me. Thanks for your help. Anita

[Jaysen Medhurst]

We need a lot more info, @Anita Moore-Bohannon.

1. What are your goals and long-term investing strategy? This is the most important question. If one option doesn't fit, then it's not worth considering. There are a lot of squirrels to chase in this business. Don't get distracted
2. How much investment are we talking about?
3. Have you run the numbers on the turn-key yourself? 
4. How much renovation is required at the city-owned properties?
5. Auctions usually require that you pay cash. Do you have that capital in place?  Plus the money to renovate?
6. What's the potential cash flow and CoC ROI of the auction properties?
7. How long would it take to get them stabilized and rented?