Property is still a class A location, but slightly too big for the average user. 

You could also try to change your plans to find away to better position yourself. 1) Find a fixer-upper and use the FHA 203(k) to finance the repairs in the purchase mortgage.

We often take over "turnkeys" and find them a bit of a mess.That's why we started doing BRRR Turnkeys for our clients where they buy a fixer-upper and we renovate to THEIR standards, find a tenant and manage for them.

@Dominique RhodesRecommend you first figure out the property Class you want to invest in BEFORE investing!

Lets learn about the asset class and why it was invented in the first place.

For someone in my situation, is it better to purchase a Turnkey property or a fixer upper using the BRRRR strategy?  

I'd put it as Class B area for the most part. 

It was a thread with almost all aspiring women real estate investors about some master class that was $7 and a mentorship program costing $20,000 run by a woman investor.

If it goes well, investo more.If it goes poorly, figure out why and maybe you picked the wrong market, the wrong team or the wrong property Class. 

The same can be done with C corporations through distribution of different classes of stock, but this is much more complicated.