Just a little context I barely have a creative bone in my body I like to joke that my siblings took all the creativity for themselves this step personally was my hardest step. 

I can say this particular seller also is looking for a property w/in 30 minutes of (the middle between massanutten and harrisonburg), so 30 minutes from there is where he is looking and wants a fixer upper or not, but is willing to pay 300k cash for an off market property.

They cannot arbitrarily make wild gambles because they feel like it - they have to operate within established risk parameters that are approved by several regulatory bodies and internal controls.

did 3   one broke even only because sponsor made everyone whole at exit which I suspect is quite rare.other two are perking along.. these were Class A apartments in Upper mid west promote was not some sky rocket return and frankly I can do better on my own.. but it was end of year so I was looking for some cost seg. 

@Tim Corey hi Tim can i ask your opinion on the Upper Falls area?

And what is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

It was only within the last 30 years has the upper middle class incomes start to spread out of the lake.  

It is close to the downtown area but the majority of area is bigger lots and on the other side of a prominent hill that gives it a more out in the country feelFoothills is the most exclusive areas with higher price points and lots of upper end shopping and diningMarana and Oro Valley are the newer "suburban" areas of Tucson that have the laid back walking and biking paths, golf clubs, snow bird / retiree type activities that draw visitors in and then get hooked and eventually buy homesIf you haven't tried Tucson yet, there is quite the variety and with snowbirds leaving, there are plenty of current STR's ready to host you as the summer warms up. 

@Edward Suess-Hassman you won't be able to cashflow if you buy Class A or B property - unless it is a:1) Desperate seller and you get well below market price2) A major fixer-upper that you can invest your sweat-equity inYour other options are:1) Invest in Class C - but only do if you undertand 20-25% chance of tenant nonperformance and a lot of maintenance issues.2) You invest in another part of the country.DM us if you have more questions.

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